The Central Bank of Libya announces the successful completion of the first phase of launching the LYPay service.
The Central Bank of Libya announces the success of the first phase of the “LYPay” service, which it launched on August 1st, 2024, with raising transfer ceilings daily from 500 to 1000 LYD, weekly from 3000 to 6000 LYD, and monthly from 5000 to 10,000 LYD. In addition, the purchase ceilings daily from 1500 to 3000 LYD, weekly from 5000 to 10,000 LYD, and monthly from 10,000 to 20,000 LYD.
The bank will continue to raise these ceilings gradually.