The Central Bank of Libya (CBL) has announced a new mechanism to ensure that traders receive their sales settlements deposited into their accounts on a daily basis — including Fridays, Saturdays, and public holidays.
In a statement published on its official page on Thursday, the bank said the move follows directives from Governor Nagy Issa and is part of updated arrangements in coordination with “Muamalat” Financial Services Company and commercial banks.
The initiative aims to enhance the quality of electronic services and ensure the continuity of settlement operations without interruption.
The CBL also confirmed it would be closely monitoring the compliance of commercial banks with the agreed procedures.
Economy
