The President of the Government of National Unity, Abdelhamid Al-Dabiba, and the Governor of the Central Bank of Libya, Naji Mohamed Issa, discussed the most important economic and financial priorities, most notably the new salary system “Your Salary is Instant” launched by the bank in cooperation with the Ministry of Finance.
The Central Bank of Libya confirmed that the system included the data of more than two million employees, with the matching of about one million and one hundred thousand employees completed so far, stressing that the aim is to speed up the payment of salaries and ensure that they reach their beneficiaries, reduce corruption and enhance transparency.
The discussion also touched on efforts to stabilise the exchange rate and regulate the sale of foreign currency through the licensing of exchange companies that will start their work soon, in addition to the need for coordination in the credit system to determine the needs of the market and control demand to achieve financial stability.
In the same context, the meeting stressed the adoption of a joint strategy between banks and sovereign funds to prioritise industrial and productive financing and limit the expansion of consumer financing, in order to stimulate the economy and create sustainable job opportunities.
The two parties also discussed the issue of digital transformation, where the bank explained that the value of electronic transactions exceeded 140 billion dinars during the first seven months of this year, reflecting the growing confidence of citizens in electronic payments and reinforcing the country’s efforts to reduce reliance on paper money.