Central Bank of Libya reports 865 billion dinars in electronic transactions

The Central Bank of Libya (CBL) reported that electronic transactions reached nearly 865 billion Libyan dinars by the end of September 2026. CBL Governor Naji Mohamed Issa announced the figure during a meeting with directors of major commercial banks and the Moamalat Financial Services Company.

The discussions focused on expanding digital banking services and modernizing electronic payment methods to reduce reliance on physical banknotes and promote financial inclusion. As the volume of digital transactions grows, officials emphasized the necessity of strengthening cybersecurity measures to protect banking systems from potential threats.

Additionally, the meeting addressed the distribution of cash liquidity and both local and foreign currencies to commercial banks and their branches. The goal is to ensure currency availability for customers across various regions and improve the banking sector's ability to meet consumer demand under existing regulations.