The Central Bank of Libya has directed commercial banks to immediately activate transfers between foreign currency accounts as part of the national electronic payment system. Banks have been instructed to prepare their technical infrastructure and launch the service by LYPay and ONEPay, beginning with technical testing in preparation for full rollout in the near term. The move comes alongside the arrival of $250 million in cash foreign currency at Mitiga Airport—the first such inflow in nearly 12 years. The Central Bank has also announced plans to inject an additional $1 billion into the market in a single tranche to boost liquidity and help stabilize the exchange rate.

Source: Libya Observer March 31, 2026 18:54 UTC