180,000 E-Wallets Launched in Libya Since January
The Central Bank of Libya (CBL) has announced the distribution of 56.5 billion Libyan dinars to commercial bank branches across all Libyan cities between January 1 and May 31, 2025.
According to a detailed report published on the bank's official Facebook page, this disbursement comes as part of the national financial management strategy aimed at ensuring liquidity across the banking sector.
The report revealed that a total of 1,235,503 cheques were processed through the electronic clearing system over the same period, with a combined value of 58.1 billion dinars. These transactions were executed via 711 bank branches and clearing centers across the country.
Digital Transactions on the Rise
The bank also reported a steady increase in digital financial services. The total number of activated e-wallets reached 180,941, with a combined transaction volume of 49.9 million dinars.
In addition, the number of point-of-sale (POS) terminals rose significantly during the first five months of 2025, reaching 98,602 compared to 76,356 at the end of 2024. This reflects an increase of 22,246 POS devices nationwide, indicating growing reliance on cashless payment systems.
ATM Activity and Card Usage
The number of activated bank cards stood at 5,012,979, with these cards facilitating 10,582,461 ATM transactions. The total value of withdrawals and transactions conducted via ATMs reached 6 billion dinars.
The CBL emphasized that these indicators reflect an ongoing shift towards electronic banking and digital financial inclusion across the country.
Libya has been in chaos since a NATO-backed uprising toppled longtime leader Muammar Gaddafi in 2011. The county has for years been split between rival administrations.
Libya's economy, heavily reliant on oil, has suffered due to the ongoing conflict. The instability has led to fluctuations in oil production and prices, impacting the global oil market and Libya's economy.
The conflict has led to a significant humanitarian crisis in Libya, with thousands of people killed, and many more displaced. Migrants and refugees using Libya as a transit point to Europe have also faced dire conditions.
The planned elections for December 2021 were delayed due to disagreements over election laws and the eligibility of certain candidates. This delay has raised concerns about the feasibility of a peaceful political transition.
Despite the ceasefire, security remains a significant concern with sporadic fighting and the presence of mercenaries and foreign fighters. The unification of the military and the removal of foreign forces are crucial challenges.
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180,000 E-Wallets Launched in Libya Since January
The Central Bank of Libya (CBL) has announced the distribution of 56.5 billion Libyan dinars to commercial bank branches across all Libyan cities between January 1 and May 31, 2025. According to a detailed report published on the bank's official Facebook page, this disbursement comes as part of the national financial management strategy aimed at ensuring liquidity across the banking sector. The report revealed that a total of 1,235,503 cheques were processed through the electronic clearing system over the same period, with a combined value of 58.1 billion dinars. These transactions were executed via 711 bank branches and clearing centers across the country. Digital Transactions on the Rise The bank also reported a steady increase in digital financial services. The total number of activated e-wallets reached 180,941, with a combined transaction volume of 49.9 million dinars. In addition, the number of point-of-sale (POS) terminals rose significantly during the first five months of 2025, reaching 98,602 compared to 76,356 at the end of 2024. This reflects an increase of 22,246 POS devices nationwide, indicating growing reliance on cashless payment systems. ATM Activity and Card Usage The number of activated bank cards stood at 5,012,979, with these cards facilitating 10,582,461 ATM transactions. The total value of withdrawals and transactions conducted via ATMs reached 6 billion dinars. The CBL emphasized that these indicators reflect an ongoing shift towards electronic banking and digital financial inclusion across the country. Libya has been in chaos since a NATO-backed uprising toppled longtime leader Muammar Gaddafi in 2011. The county has for years been split between rival administrations. Libya's economy, heavily reliant on oil, has suffered due to the ongoing conflict. The instability has led to fluctuations in oil production and prices, impacting the global oil market and Libya's economy. The conflict has led to a significant humanitarian crisis in Libya, with thousands of people killed, and many more displaced. Migrants and refugees using Libya as a transit point to Europe have also faced dire conditions. The planned elections for December 2021 were delayed due to disagreements over election laws and the eligibility of certain candidates. This delay has raised concerns about the feasibility of a peaceful political transition. Despite the ceasefire, security remains a significant concern with sporadic fighting and the presence of mercenaries and foreign fighters. The unification of the military and the removal of foreign forces are crucial challenges.
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