On Tuesday, August 19, 2025, Central Bank of Libya Governor H.E. Naji Mohammed Issa met with Prime Minister of the Government of National Unity, Mr. Abdul Hamid Dbeibah, along with senior officials from both the Bank and the government, to review key economic and financial priorities.

Prime Minister Dbeibeh commended the rollout of the new salary platform “Instant Salary”, launched by the Central Bank in partnership with the Ministry of Finance. He emphasized its role in speeding up salary payments, ensuring they reach eligible recipients, curbing corruption, and strengthening transparency.

The Central Bank reported that data for more than 2 million employees had already been submitted to the system, with over 1.1 million records successfully verified so far, and work continuing to complete the process.

Discussions also addressed the Bank’s efforts to stabilize the exchange rate and regulate foreign currency sales through the licensing of exchange companies, which are expected to commence operations soon. Both sides agreed on the importance of closer coordination in the management of Letters of Credit to better assess market needs for goods, moderate demand, and support overall financial stability.

The meeting further underlined the need for a joint strategy involving banks and sovereign funds, prioritizing financing for industry and production while limiting consumer lending, an approach aimed at boosting the national economy and creating sustainable job opportunities.

On digital transformation, the Central Bank outlined progress in implementing the electronic payments strategy, noting that transactions had exceeded 140 billion LYD in just the first seven months of the year. This strong growth, the Bank affirmed, reflects rising public confidence in e-payments and supports government efforts to reduce reliance on cash.