e-payments transactions top LD 1.1 bn in Q1 of 2021 – but cash is still king in Libya

By Sami Zaptia.

London, 2 May 2021:  

Total transactions made using e-payments in Libya were LD 1.180 billion in the first quarter of 2021, a top Central Bank of Libya source confirmed to Libya Herald today.

Asked to explain the low take up of e-payments and transactions by Libyans, Musbah Akkari. former chairman of Jumhuriya bank, head of CBL Reserves Department and currently member of the Libyan Dinar Exchange Rate Adjustment Committee, said it is partly cultural.

Cash is king

Libyans prefer the use of cash. They . . .

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