The Ministry of Economy and Trade of the Government of National Unity has confirmed that the use of electronic payment systems approved by the Central Bank of Libya is now a fundamental requirement for conducting any commercial activity in the country. The measure is part of the government’s broader strategy to advance digital transformation, simplify procedures, reduce risks, and promote financial inclusion.
According to the ministry’s statement, the decision is grounded in existing legislation, including Banking Law No. (1) of 2005, Commercial Activity Law No. (23) of 2010, and Article (467) of the Libyan Penal Code, which criminalizes violations of orders issued to preserve public order and safety.
The ministry stressed that all commercial entities, including companies and shipping agencies, are required to adopt electronic payment methods in line with the regulations set by the Central Bank of Libya. The move aims to regulate the market and strengthen the digital infrastructure of the national payment system.
It further warned that strict legal measures will be taken against violators, including the withdrawal and cancellation of licenses for any company or establishment that refuses to comply with electronic payment requirements.
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