Electronic transactions reached approximately 865 billion Libyan dinars by the end of September 2026, the Central Bank of Libya (CBL) revealed today.
The revelation came during an expanded meeting held by CBL Governor Naji Issa at his Tripoli office today.
The meeting was attended by general managers of major commercial banks and the Moamalat Financial Services Company, alongside directors of relevant departments at the CBL.
The session aimed to follow up on key banking matters and review the progress of measures taken to address challenges facing the banking sector.
Distributing cash liquidity and foreign currency
Discussions focused on mechanisms for distributing cash liquidity to banks and their branches to ensure it reaches citizens and meets the needs of various regions. The meeting also addressed the provision and distribution of local and foreign currency, as well as enhancing banks' capacity to meet customer needs in accordance with approved regulations and procedures.
Expanding electronic payment options
Furthermore, the meeting addressed expanding electronic payment options using modern methods and improving the efficiency of electronic services. These efforts aim to reduce reliance on physical cash, foster financial inclusion, and strengthen the banking sector's readiness to counter cyber risks and threats while protecting banking systems—particularly given that the volume of electronic transactions reached approximately 865 billion Libyan dinars by the end of September 2026.
During the meeting, the Governor emphasized the importance of maintaining direct coordination between the CBL, commercial banks, and the Moamalat Company. He stressed the need to enhance operational readiness and improve the quality of banking services, while ensuring the implementation of agreed-upon measures and the swift, secure resolution of any difficulties or shortcomings.