Central Bank of Libya to distribute cash liquidity to branches starting Sunday
The Central Bank of Libya CBL announced that it will begin distributing cash liquidity to commercial bank branches across the country starting next Sunday. This initiative is part of an August plan to improve cash availability. Initial cash withdrawal limits will be 3,000 dinars per customer in the western, eastern, and central regions, and 4,000 dinars in the southern region, with potential for increases based on liquidity and regional needs. The CBL Governor and Deputy met with general managers of major commercial banks to approve an August operational plan focusing on ensuring cash liquidity, enhancing electronic payment services, streamlining foreign currency allocation sales to citizens, and improving banking service quality. The CBL is also implementing a strategy to reduce reliance on physical cash, with electronic transactions totaling 643 billion dinars between January and July 2026. Current indicators suggest electronic transactions could exceed one trillion dinars by the end of the year, driven by expanded points of sale and digital banking. Despite these efforts, the CBL continues to impose cash withdrawal limits.
