Libya's Central Bank reports 1.7 million public sector employees now use automated salary system
via Libya Herald1 min read
The Central Bank of Libya CBL announced that approximately 1.7 million public sector employees are now registered in the Your Instant Salary automated system as of April, a 75% participation rate compared to 2.2 million previously. The CBL also confirmed the start of April salary payments through this system. This paperless initiative aims to enhance speed and accuracy, and to prevent duplication and corruption in the disbursement of state-sector salaries. The CBL stated that it received April salary payment authorizations from the Ministry of Finance, which have been transferred to commercial banks for immediate processing. The system allows citizens to transparently track their salary payments. The CBL encourages all sectors to adopt the system, highlighting its ease of access to salaries and its role in safeguarding public funds. This system is part of broader efforts to digitally transform and improve transparency in public financial management, ensuring timely salary delivery. The CBL plans to further develop the system by automating the complaints mechanism and resolving undisbursed salary issues in collaboration with the Ministry of Finance, reaffirming its commitment to digital banking services and efficient disbursement procedures.
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This summary was AI-generated from a story originally published by Libya Herald.
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