In implementation of the Central Bank of Libya’s strategy to promote financial inclusion, and in line with the e-payment services development plan adopted by the Board of Directors at its first meeting. The Central Bank announces the latest statistics for instant payment services: LYPay and OnePay, which were recently launched.
The Central Bank of Libya asserts that it will continue to gradually raise the transfer and purchase ceiling through instant payment services.

Statistics for LayPay and OnePay from 22/09/2024 to 20/11/2024 are as follows:

LYPay Instant Payment Service:

• Number of subscribers – Individuals: 834,814
• Number of subscribers – Merchants: 4,511
• Value of transactions (Purchases + Transfers): 46,972,954.602
• Number of transactions (Purchases + Transfers): 56,797

One Pay Instant Payment Service:

• Active merchants: 3,517
• Beneficiary accounts: 119,941
• Total POS: 21,769
• Number of transactions: 171,149
• Value of transactions: 402,582,580 LYD

The Board of Directors of the Central Bank of Libya met on Sunday 11th of November 2024, at the headquarters of the Central Bank of Libya, the meeting was chaired by H.E Naji Mohammed Issa, the Governor, his deputy, Mr. Maree Al-Barasi, and in the presence of all board members. The meeting concluded with the following statement.

The Central Bank of Libya (CBL) published today, November 7^th, 2024, the Revenue and Expenditure Statement.

The statement covers the period from 1^st Jan to 31^st Oct 2024 and provides details of all sectors.

For more details, please visit our official website: Click here.

In the case of any questions, please don’t hesitate to contact our communication unit at: [email protected]

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.

Monitoring the work of the Central Bank amidst threats and pressures facing the bank, its employees, its systems, and its international relations was the main topic discussed during the phone call between H.E. Mr. Saddek Omar ElKaber, Governor of the Central Bank of Libya, and Ms. Stephanie Khoury, Deputy Special Representative of the Secretary-General of the United Nations, Acting Head of the Mission in Libya, late on Monday, 19th of August, 2024. Ms. Khoury expressed the United Nations’ full support for the Central Bank of Libya and its continued role in maintaining financial and economic stability and preserving the country’s resources. She also welcomed the support of the House of Representatives and the High Council of State for the Central Bank and their rejection of unilateral measures taken by the Presidential Council that fall outside its jurisdiction.

The increasing threats to the security and safety of the Central Bank of Libya, its employees, and its systems, in addition to the necessity of maintaining the bank’s stability and independence, and its continued role in preserving the financial sustainability of the state, were the main topics discussed during a telephone conversation between H.E. Mr. Saddek Omar ElKaber, Governor of the Central Bank of Libya, and Dr. Martin Longden, the Ambassador of the United Kingdom to Libya, on Monday,19th of August, 2024. The British Ambassador expressed the United Kingdom’s full support for the Central Bank of Libya in its prominent role in maintaining financial and economic stability and safeguarding the country’s resources over the past years.

Following the latest developments, H.E. Mr. Saddek Omar ElKaber, Governor of the Central Bank of Libya, held an expanded meeting on Monday, 19th of August, 2024, with several directors of the Central Bank’s departments. The meeting aimed to review the operations of the bank’s departments and the restoration of its systems after the release and safe return of Mr. Eng. Musab Msallem, the Director of the Information Technology Department.

The increasing threats to the security and safety of the Central Bank, its employees, and its systems, in addition to the necessity of maintaining the stability of the Central Bank and its continued vital role in preserving the financial sustainability of the state, were the main topics discussed during a phone call between H.E. Mr. Saddek Omar ElKaber, Governor of the Central Bank of Libya, and Ms. Stephanie Khoury, Deputy Special Representative of the Secretary-General of the United Nations and Acting Head of the Mission in Libya, on Monday,12th of August, 2024. Ms. Khoury expressed the United Nations’ full support for the Central Bank of Libya and its role in maintaining financial and economic stability and safeguarding the country’s resources.

Discussion of recent developments regarding the Central Bank and the increasing threats to the security of the Central Bank, the safety of its employees, and its systems, during a meeting between H.E. Mr. Saddek Omar ElKaber, Governor of the Central Bank of Libya, and Mr. Richard Norland, the U.S. Special Envoy to Libya, on Monday, 12th of August 2024, in Tunisia. The Special Envoy affirmed his country’s full support for the Central Bank of Libya in facing these threats and maintaining the stability of the Central Bank to ensure it can fulfil its designated role effectively.

Implementing the Central Bank of Libya’s strategy to enhance financial inclusion and in accordance with its plan to develop electronic payment services, the Central Bank of Libya announces the statistics for the LYPay instant payment service during the first week of its launching:

Participating Banks:

Jumhouria Bank
National Commercial Bank
Wahda Bank
Sahara Bank
North Africa Bank
Number of individual subscribers: 16,317
Number of merchant subscribers: 2,200
Total number of peer-to-peer transactions: 3,428
Total value of peer-to-peer transactions: 820,952 LYD
Total number of purchases (individual to merchant): 128
Total value of purchases (individual to merchant): 28,456 LYD