As part of the Central Bank of Libya’s ongoing efforts to develop the banking sector and improve the quality of services provided to citizens, the Governor of the Central Bank of Libya, H.E. Naji Mohammed Issa, held a meeting on Sunday, November 2, 2025, with the Chairman and Deputy Chairman of the Board of Directors of Jumhouria Bank, the General Manager and his Deputy, in the presence of several directors from relevant departments of the Central Bank of Libya.

The meeting discussed observations received from the Central Bank’s departments and the teams assigned to assess bank performance, as well as the outcomes of field visits conducted to Jumhouria Bank branches concerning the distribution of liquidity. Representatives of Jumhouria Bank presented the bank’s responses to the observations listed in the supervisory reports, along with the extent of compliance with the regulations and procedures issued by the Central Bank, and the steps taken to address certain issues in accordance with the approved supervisory standards.

The meeting also discussed Jumhouria Bank’s new strategic plan, which aims to enhance performance efficiency, improve the quality of banking services, strengthen compliance with anti-money laundering and counter-terrorism financing requirements, and develop electronic payment systems to support the desired digital transformation of the banking sector.

In light of the discussions, the Governor emphasized the importance of adhering to the regulations and instructions issued by the Central Bank of Libya, in a manner that ensures compliance with banking service quality and transparency standards, thereby strengthening the role of banks in supporting monetary and economic stability.

Against the backdrop of protests by some small traders and representatives of chambers of commerce and industry regarding the Ministry of Economy and Trade’s decision to prohibit import, export, and re-export activities except through banking operations, H.E. Naji Mohammed Issa, Governor of the Central Bank of Libya, met on, Tuesday, October 28, 2025, with the Chairman of the Chamber of Commerce and Industry in Misrata and several representatives of the small traders’ movement.

During the meeting, participants discussed the necessity of implementing Ministry of Economy Decision No. 42, given its direct impact on regulating import and export activities in a manner that complies with anti-money laundering and counter-terrorism financing laws, while contributing to limiting the spread of currency speculation in the informal market.

After listening to the demands and observations of traders, industrialists, and businesspeople, and reviewing the Central Bank of Libya’s vision for implementing a set of economic reforms, it was agreed to facilitate banking procedures for small traders by granting several advantages. These include accepting applications for opening letters of credit not exceeding $500,000 independently within the coverage system, initiating direct transfers, reactivating operations using documents for collection and executing payments through direct transfers to reach the beneficiary companies directly, as well as addressing any obstacles affecting the use of cards for genuine small traders.

The meeting also agreed to establish direct communication channels with this important segment of real suppliers, coordinate with the Ministry of Economy and Trade on these matters, and continue publishing periodic explanatory reports to ensure clarity and transparency in banking operations for small traders.

As a part of ongoing coordination between the Central Bank of Libya and the Ministry of Finance to support public finance reform programs and enhance digital transformation, H.E. Naji Mohammed Issa, Governor of the Central Bank of Libya, held a comprehensive meeting on, Tuesday, October 28, 2025, with Mr. Khalid Al-Mabrouk Abdullah, Minister of Finance of the Government of National Unity, in the presence of ministry representatives and several directors from the relevant departments of the Central Bank.

During the meeting, participants discussed the ongoing preparations for the 2026 state budget and the mechanisms for collecting government revenues through electronic payment systems, ensuring transparency, speedy collection, and improved efficiency in managing public resources, ultimately consolidating them into the Unified Treasury Account.

The discussion also covered accelerating the collection of data for the “Ratibak Lahzi” payroll system and addressing delays by some entities in submitting their data to ensure the smooth operation and completion of the national payroll database.

Additionally, participants reviewed procedures related to the launch of the ACI system for shipment tracking, recognizing its significance in enhancing financial oversight and facilitating customs clearance and supply chain processes.

At the conclusion of the meeting, it was agreed to establish a joint working team between the Ministry of Finance, the Central Bank, and relevant government entities to coordinate efforts related to electronic collection, in addition to automating communication channels between the Ministry of Finance and the Central Bank, supporting comprehensive financial reform and digital transformation initiatives.

As part of efforts to strengthen joint cooperation among national sectors supporting digital transformation, H.E. Naji Mohammed Issa, Governor of the Central Bank of Libya, held a meeting, on Monday, October 27, 2025, with Mr. Abdelbaset Al-Baour, Chairman of the General Communications Authority, in the presence of representatives from the Telecommunications Holding Company, Libyana, Al-Madar, and Libya Telecom & Technology, as well as relevant departments of the Central Bank.

The meeting addressed areas of cooperation between the telecommunications and banking sectors, and the role of this partnership in developing electronic payment services and enhancing the digital transformation infrastructure in the banking sector, contributing to improved service quality and broader financial inclusion.

It was also agreed to establish a joint working team between the telecommunications and banking sectors to monitor and address challenges related to the infrastructure of commercial banks and electronic payment companies, and to develop them in support of the Central Bank of Libya’s financial inclusion strategy, ensuring the continuity of banking services without interruptions.

H.E. Naji Mohammed Issa, Governor of the Central Bank of Libya, with the Chairman and members of Board of Directors of Moamalat Company, along with the executive management, in the presence of a member of the Central Bank of Libya’s Board of Directors and several directors of relevant departments on Sunday, October 26, 2025.

The meeting discussed the reasons behind the interruption of the National Switch and the company’s point-of-sale services that occurred on Friday, October 24, 2025. The Governor emphasized that the National Switch system is a sovereign infrastructure representing the backbone of electronic payment services in the country, and that any interruption, regardless of duration, is unacceptable.

An agreement was reached on a set of measures to prevent the recurrence of such interruptions in the future, as well as on enhancing the availability of data centers for the National Switch. The meeting also addressed several important topics related to the development and expansion of electronic payment systems, in line with the Central Bank’s strategic direction toward digital transformation and strengthening financial inclusion.

The Governor stressed the importance of further strengthening the technological infrastructure to facilitate electronic payment operations across both public and private sectors, contributing to simplifying procedures and improving the quality of services provided to citizens.

For their part, representatives of Moamalat Company presented key performance indicators, plans, and future projects aimed at expanding the scope of electronic payment services and increasing service points in markets, commercial centers, and both public and private institutions.

On Friday, October 17, 2025, H.E. Naji Mohammed Issa, Governor of the Central Bank of Libya, participated in the closed session of the International Monetary and Financial Committee (IMFC), held as part of the 2025 Annual Meetings at the headquarters of the International Monetary Fund in Washington.

The meeting focused on the importance of central bank independence amid global developments and their ability to achieve price stability and credibility in monetary policy by remaining insulated from political and fiscal pressures.

The Committee intends to adopt sound policies aimed at strengthening confidence, enhancing resilience, and safeguarding macroeconomic and financial stability, while continuing joint efforts to address global challenges.

H.E. Naji Mohammed Issa, Governor of the Central Bank of Libya, participated on Friday, October 17, 2025, in the 2025 Annual Meetings of the World Bank Group and the International Monetary Fund, alongside central bank governors and ministers of finance, held in the Constitution Hall in Washington, D.C.

The U.S.-Libya Business Association (USLBA) hosted H.E. Naji Mohammed Issa, Governor of the Central Bank of Libya, and his accompanying delegation, in the presence of representatives from leading American companies and U.S. financial technology firms. The meeting took place at the Association’s headquarters in Washington, D.C., on, October 16, 2025.

The discussion focused on economic developments, the business and investment climate in Libya affecting the performance of foreign and U.S. companies operating in the country, as well as an overview of the Central Bank of Libya’s initiatives to reform the overall economic situation and its pivotal role in advancing digital transformation and promoting transparency.

The meeting also explored potential areas for economic and technical cooperation. Participants commended the Central Bank of Libya’s dedicated efforts to achieve greater financial stability and to maintain economic and fiscal balance amid exceptional circumstances and challenges.

H.E. Naji Mohammed Issa, Governor of the Central Bank of Libya, along with his accompanying delegation, participated in a high-level meeting of Finance Ministers and Central Bank Governors from the Middle East and North Africa (MENAP) region with Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). The meeting took placeat the IMF headquarters in Washington, D.C On October 15, 2025.

The discussions focused on the economic situation of the region’s countries and the challenges they face amid ongoing geopolitical tensions. The participants also explored development opportunities, particularly in the areas of digital transformation and electronic payments. Furthermore, the meeting underscored the importance of central bank independence and their critical role in maintaining resilience against recurring challenges stemming from global economic pressures and geopolitical developments that continue to have a significant impact on the region.

H.E. Naji Mohammed Issa, Governor of the Central Bank of Libya, along with his accompanying delegation, participated in the high-level meeting of the African Caucus at the International Monetary Fund (IMF), attended by Ms. Kristalina Georgieva, Managing Director of the IMF, and the governors of central banks from across the African continent. The meeting took place at the IMF headquarters in Washington, D.C., on October 14, 2025.

The discussions focused on the current economic conditions and the future outlook of the African continent, with the aim of outlining a forward-looking path for the region. Participants highlighted that the global economic environment remains fraught with challenges, as growth is expected to slow this year amid ongoing political uncertainty and rising geopolitical tensions. Inflationary pressures and tight global financial conditions continue to weigh on fiscal situations and financial dynamics in many African economies, while climate-related shocks further exacerbate the challenges facing the continent.

On October 14, 2025, Governor of the Central Bank of Libya,  H.E. Naji Mohammed Issa, met in Washington, D.C., with Mr. Eric Meyer, U.S. Assistant Secretary of the Treasury for the Middle East and Africa, to discuss a range of issues of mutual interest.

The discussions focused on the latest developments in Libya’s financial and economic situation, as well as on the Central Bank’s initiatives following one year since the appointment of the Governor and the Board of Directors. The meeting also addressed ways to strengthen procedures for conducting foreign operations with the Federal Reserve, reduce corruption, and curb the smuggling of foreign currency out of Libya through letters of credit and the parallel market issues that are closely linked to the risks of money laundering and terrorist financing.

Furthermore, both parties discussed the necessary measures to begin supplying U.S. dollars in cash to the Central Bank of Libya, the Libyan banking sector, and exchange companies and offices on a regular basis, while ensuring that strict controls are in place to prevent misuse for illegal purposes.

For his part, Mr. Meyer commended the pivotal role played by the Central Bank of Libya amid numerous internal and external challenges, as well as the Bank’s achievements over the past year in maintaining financial stability, preserving the independence of the Central Bank, and safeguarding the Libyan currency. He also emphasized the importance of continued cooperation between the Central Bank of Libya, the U.S. Federal Reserve, and the U.S. Department of the Treasury in combating financial corruption, enforcing compliance standards, and holding violators accountable.