Central predicts electronic transactions will top 1 trillion dinars by 2026
The Central Bank of Libya has achieved the implementation of its first unified national budget in over 13 years, with a focus on its execution and fiscal discipline. The number of registered users on the "Ratak Instant Payroll" system has risen to 1.75 million employees, representing a participation rate of 79%, with payroll delivery times reduced from two weeks to just a few hours. Electronic transactions saw a significant increase from 71.4 billion dinars to 643 billion dinars as of July 2026, with projections exceeding one trillion dinars by the end of the year. The number of point-of-sale devices grew from 67,700 to 209,000, and users of instant payment services doubled from 55,400 to 7.73 million, while the number of merchants using these services increased from 4,000 to 199,300. The governor also mentioned two review rounds of the dinar's exchange rate and foreign currency allocation, as part of efforts to reduce the gap between the official and parallel market rates to 5%. He emphasized that the stability of the dinar depends on fiscal discipline, unified spending channels, and adherence to agreements.
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