17 Hrs
Source:
عين ليبيا
Libya's electronic trading hits 500 billion dinars
Economic expert Mokhtar Al-Jadid stated that the volume of electronic transactions in Libya has reached approximately 500 billion dinars, while more than 60 billion dinars are kept outside the banking sector in homes and safes. He explained that the Central Bank has raised the cash withdrawal limit to 3,000 dinars and is working on contracting the printing of additional currency quantities, amid banks ceasing to handle cash transactions for sales and the opening of letters of credit. Libya is experiencing a growth in the use of electronic payment methods aimed at reducing reliance on paper cash, along with ongoing efforts by the Central Bank to organize liquidity within the Libyan market.
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