# Central Bank of Libya banking modernization

> Live situation record from CLSTR: https://clstr.news/situations/central-bank-of-libya-banking-modernization
> Updated: 2026-10-05T15:53:00.000Z. Sources: 2. Developments: 2.

The Central Bank of Libya (CBL) has initiated efforts to modernize its financial sector through international cooperation and digital transformation.

In September 2026, CBL Governor Naji Mohamed Issa met with international financial institutions and UK officials in London to advance banking reform. These discussions focused on expanding correspondent banking channels, implementing instant salary payments, and aligning governance and anti-money laundering frameworks with international standards.

By the end of September 2026, the CBL reported that electronic transactions had reached nearly 865 billion Libyan dinars. Following these developments, the bank has prioritized expanding digital banking services and strengthening cybersecurity to support the growing volume of electronic payments while managing cash liquidity and currency distribution for commercial banks.

## Timeline

### 2026-10-05: Central Bank of Libya reports 865 billion dinars in electronic transactions

Libya’s Central Bank reported that electronic transactions reached approximately 865 billion dinars by late September 2026, as the nation expands digital banking and cybersecurity efforts.

2 sources. https://clstr.news/cluster/central-bank-of-libya-reports-865-billion-dinars-in-electronic-transactions

### 2026-09-18: Central Bank of Libya seeks to expand global banking ties

Libya’s Central Bank Governor Naji Issa met with international banks and UK officials in London to discuss banking reforms, digital transformation, and strengthening global financial connectivity.

2 sources. https://clstr.news/cluster/central-bank-of-libya-seeks-to-expand-global-banking-ties

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Cite as: Central Bank of Libya banking modernization. CLSTR, https://clstr.news/situations/central-bank-of-libya-banking-modernization