“Mr. Seddik Omar Al Kabeer said that the bank’s policy to develop the banking sector aims at transition Citizens from a traditional monetary economy to a modern digital economy that is easy for citizens to deal with easily and safely. He stressed the need for everyone to cooperate and intensify efforts to succeed in sustainable development, which is not only a responsibility of the banking sector, but it is shared by all state institutions.” CBL

Central Bank Libya

The CBL maintains monetary policy. The national currency is the Libyan Dinar which is pegged to the SDR.

There is press coverage that Libya is digitizing.

Internet access is 22%. 

Libya did launch mobile payments in 2017.

There is no evidence of CBDCs in Libya but there is a statement by the CBL of the need for a digital economy, in 2016.














By cryptorocks_editor