Our source has exclusively obtained instructions issued by the Central Bank of Libya requiring commercial banks and Madarat Company to exempt the Tax Authority, Customs Authority, and the Libyan Ports Company from commissions and fees imposed on electronic payment services conducted through POS terminals.
The Central Bank also instructed commercial banks to immediately distribute 130 POS machines as an initial batch to these entities. This comes within the framework of Central Bank Governor Naji Issa’s strategy to strengthen financial inclusion, expand electronic payment services, and encourage public institutions to collect revenues using modern electronic payment methods.
In addition, the relevant public entities—the Tax Authority, Customs Authority, and the Libyan Ports Company—were instructed to ensure that their offices and branches refrain from collecting any revenues from citizens in cash.
