H.E. Naji Mohammed Issa, Governor of the Central Bank of Libya, held a meeting on Tuesday, October 7, 2025, in the presence of the Deputy Governor and a number of directors of the relevant departments at the Bank, an extensive meeting to discuss the work mechanism that the Bank has begun preparing for the exercise of exchange activity, in preparation for the operation of the companies and offices that have obtained final approval.
During the meeting, it was agreed to grant final approval to the companies and offices that had previously obtained preliminary approval.
The meeting also addressed the applications received by the Central Bank from the companies and offices applying for preliminary approval, the latest of which was dated August 31, 2025, where the number of applications received exceeded 2,000 requests for preliminary approval. In this regard, the Governor instructed the relevant departments to work on completing the sorting of these applications in accordance with the regulations prepared in this regard, in preparation for granting them preliminary approvals. The Bank will also work on developing a dedicated system and training all companies and offices on the mechanism established by the Bank for the commencement of their operations, in accordance with the Central Bank’s plan, before the official start of activities, and this will be done as soon as possible.
The fourth regular meeting of the National Committee for Combating Money Laundering and Terrorism Financing for the year 2025 was held Tuesday, October 7, 2025, chaired by H.E. Naji Mohammed Issa Governor of the Central Bank of Libya and Chairman of the Committee, with the participation of representatives from relevant national entities and institutions.
During the meeting, the increasing risks and consequences resulting from the non-adoption of the Anti-Money Laundering and Terrorism Financing (AML/CTF) Law were discussed.
The meeting also reviewed the most prominent developments in the implementation of the National Strategy for AML/CTF, in addition to following up on the formation of a number of specialized working groups in various areas within theAML/CTF framework, with the aim of strengthening national coordination and enhancing the capacities of the concerned entities in line with the relevant international standards.
The meeting also witnessed the formation of a national team to commence the National Risk Assessment, with the aim of identifying weaknesses and potential threats, and developing policies and procedures based on an accurate risk assessment to safeguard the national economy and the stability of the financial system.
As part of the Central Bank of Libya’s efforts to advance digital transformation and expand electronic payment services, the Governor, H.E. Naji Mohammed Issa, held a meeting on Monday, September 22, 2025, with several general managers of commercial banks, in the presence of Moamalat Financial Services Company, electronic payment service providers, and directors of relevant departments at the Bank.
The Governor began the meeting by paying tribute to the late colleague, Mr. Al-Sanousi Mohamed Abukhzam, CEO of Moamalat Financial Services Company, praying to God to grant him mercy.
Discussions focused on the latest developments in electronic payment expansion, monitoring performance indicators, and assessing the banking sector’s readiness for the next phase in line with the Central Bank’s plan to foster financial inclusion.
The meeting also addressed the technical and operational challenges facing the expansion of electronic payment services and explored structured mechanisms to overcome them, ensuring business continuity. The Governor further underscored the importance of establishing a secure environment that strengthens user confidence and complies with the latest international standards.
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.