3 Hrs
Source:
عين ليبيا
Central Bank Starts Salary Payments via Your Salary Instantly
The Central Bank of Libya has announced the start of July salaries disbursement through the "Ratitk Instant" system, after receiving the disbursement approvals from the Ministry of Finance and transferring them to commercial banks. This system is part of efforts toward digital transformation to enhance transparency and facilitate the monitoring of entitlement payments. Approximately 1.7 million employees out of 2.2 million in the public sector participated, representing a participation rate of 76%. The initiative aims to speed up the disbursement process, reduce delays, and improve the efficiency of public financial management by enabling electronic service monitoring, as well as developing mechanisms to enrich the citizens' experience and minimize issues related to the disbursement process.
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