5 days ago
CBL Governor Issa launches transformational financial projects, including National Strategy for Financial Inclusion
The Governor of the Central Bank of Libya, Naji Issa, announced the launch of the National Strategy for Financial Inclusion and several other transformational projects during the opening of the Electronic Payment Forum and Exhibition ''EPAIX'' 2025 yesterday. The forum is being held from 15 to 17 May at the Tripoli International Fairgrounds.
During his opening speech at the forum the CBL Governor announced that the National Strategy for Financial Inclusion in Libya 2025-2029 represents a national, ethical and professional commitment towards all segments of society.
The Governor stressed that the strategy, prepared by the Central Bank with national competencies, aims to provide secure, affordable, and easily accessible financial services, with strict protection of personal data.
He also announced the launch of several accompanying major projects, most notably:
• Financial inclusion accounts project targeting financially excluded groups
• Banking data protection system to ensure the confidentiality and privacy of individuals' information
• Supporting the digital transformation of the country by fully digitizing government payments
• Localization of foreign exchange payment infrastructure under the supervision of the Central Bank
• Preparing a legal and technical framework for working with digital and cryptocurrencies
• Launch of the digital banking identity to facilitate electronic transactions
• Providing internal financial transfers through a national platform without the need for a bank account.
The Governor concluded his speech by stressing that these projects pave the way for a modern, fairer and more inclusive digital economy that enhances financial stability and development in Libya. Tags: CBL Central Bank of LibyaCBL Governor Naji Issae-payment e-payments
