H.E. Naji Mohammed Issa Governor of the Central Bank of Libya, held an extensive meeting with a number of general managers of commercial banks, in the presence of Moamalat Company and with the participation of the relevant departments of the Central Bank on Tuesday, August 26, 2025.

The meeting discussed the latest developments in expanding electronic payment services and reviewed related performance indicators, in addition to assessing the readiness of the banking sector to provide advanced digital financial services that meet market needs

The discussions also addressed the importance of broadening the scope of electronic payment applications to cover vital sectors such as schools and universities, hospitals and clinics, bakeries, airlines, as well as various commercial activities. This expansion aims to facilitate citizens’ daily transactions and reduce reliance on cash.

The meeting further emphasized the importance of following up on the legislative and regulatory framework that ensures consumer protection and supports a secure and transparent financial environment.

During the meeting, the Governor stressed that electronic payment represents a fundamental pillar in modernizing the banking and financial sector, underlining the need to accelerate the pace of digital transformation in banks and to strengthen customer confidence in using modern payment tools.

The Governor also reaffirmed the readiness of the banking sector to implement the “Instant Salary” project immediately once salaries are transferred by the Ministry of Finance and credited directly to citizens’ accounts.

In addition, the Governor issued strict instructions to commercial banks not to provide customers with any banknotes scheduled to be withdrawn from circulation as of September 30, 2025, starting from next week, and to ensure the exclusive circulation of the new banknote issues that will be supplied to them this week by the Issuance Department of the Central Bank of Libya.