23 Hrs
Source:
عين ليبيا
Ain Libya Network on Liquidity and Dollar Demand
The Libyan banking system is recovering through measures to enhance liquidity and expand electronic payment services, aiming to address the liquidity crisis and improve sector performance. The focus is on reducing congestion and ensuring citizens have access to their funds. While raising withdrawal limits and developing electronic payment methods contribute to this effort, the core issue remains the citizens' trust, the gap between the value of cash and financial transactions, as well as weak confidence in banks and the deeper economic challenges beyond a shortage of banknotes. Sustainable solutions require deeper reforms that include strengthening trust, expanding economic productivity, and improving public financial management, alongside upgrading the Central Bank's infrastructure to ensure currency stability and achieve genuine economic growth.
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