Tripoli: The Governor of the Central Bank of Libya, Naji Issa, announced the launch of the National Strategy for Financial Inclusion in Libya for the years 2025-2029. This declaration was made during the opening of the first edition of the Electronic Payments Exhibition and Forum held in Tripoli.
According to Libyan News Agency, the strategy represents a national, ethical, and professional commitment to all segments of society, aiming to provide safe, affordable, and accessible financial services while ensuring strict protection of personal data. The Central Bank, utilizing national expertise, has prepared this comprehensive strategy.
The Governor also introduced several major projects accompanying this strategy. These include the Financial Inclusion Accounts Project, which targets financially excluded groups, and a banking data protection system to safeguard individual information. Additionally, the strategy supports the country’s digital transformation through complete digitization of government payments, localizes infrastructure for foreign exchange payments under Central Bank supervision, and prepares a legal and technical framework for digital and encrypted currencies. Furthermore, it includes the launch of a digital banking identity to facilitate electronic transactions and provides internal money transfers through a national platform, eliminating the need for a bank account.
Issa concluded by underscoring that these initiatives lay the groundwork for a modern, inclusive digital economy that strengthens financial stability and development in Libya.
The Electronic Payments Exhibition and Forum, inaugurated by the Governor, took place at the Tripoli International Fairgrounds. Organized by the General Authority for Exhibitions and Conferences, the event featured significant participation from commercial banks and electronic payment companies. Issa highlighted that this event aligns with the Central Bank of Libya’s efforts to promote digital transformation and expand financial inclusion, stressing the need for developing the digital infrastructure of the banking sector and adopting the latest technologies in electronic payments.