✉news BusinessBanking first seen 11 d ago, last 11 d ago, peak #23
Central Bank of Libya Reports 865 Billion Dinar in Electronic Transactions
Original: Central Bank of Libya Reports 865 Billion Dinar Electronic Transaction
The Central Bank of Libya has reported electronic transactions totalling 865 billion dinars, according to the Libya Herald. The figure points to a rapid expansion of digital payments in a country long dependent on cash, and comes as the banking sector pushes to modernise services amid liquidity shortages and a wider state effort to formalise the economy.
Why now: The unusually large sum highlights how quickly Libyans are shifting from cash to electronic payments, a major economic development in the country.
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