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The Libyan banking sector has seen a significant improvement in liquidity availability, expansion of electronic payment services, and the sale of foreign currency through official channels following a crisis that lasted since 2011. The value of transactions via electronic payment methods increased from approximately 74 billion dinars in September 2024 to 397.1 billion dinars during 2025, reaching 340.5 billion dinars by the end of May 2026. This has contributed to reducing dependence on the parallel (black) market. However, full confidence remains uncertain, as the economy and politics face structural problems and the gap between the official and black market exchange rates continues to widen, while demand for foreign currency remains high. Experts view these developments as the beginning of cautious improvement, contingent on broader reforms and mechanisms to enhance economic stability.
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