The Abd Alhamid Aldabaiba Tripoli-based Libyan government and the Central Bank of Libya (CBL) have taken further measures to encourage the use of e-payments in Libya. Aldabaiba issued a decree yesterday mandating the inclusion of e-payment as an approved method for collecting state revenues and public dues. This, the CBL letter stated, is to enable customers to complete purchase transactions via point-of-sale (POS) devices by scanning the QR code. Call on commercial banks to launch a joint e-payments media campaignThe CBL also called on all commercial banks to launch a joint awareness campaign targeting banking app users and merchants to promote the use and acceptance of the LYPay instant payment system via point-of-sale (POS) devices. CBL reduces FX commissionsWith regards to the foreign exchange commission to be charged by the soon-to-be opened official foreign exchange bureaux, the CBL has decided to amend the maximum commission rate to 1% for cash sales and 0.5% for sales via cheques, bank transfers, and electronic payment methods.

Source: Libya Today March 07, 2026 01:02 UTC