During the Banking Sector Forum, the Governor of the Central Bank of Libya launched three strategic initiatives, including the formation of a national advisory team for financial and economic reform made up of Libyan banking experts. This team will operate under the Governor’s direct supervision to provide technical advice and shape future financial and economic policies, ensuring that decisions are grounded in scientific principles and national expertise.
The Governor stated:
“As part of our efforts to address liquidity challenges and enhance financial inclusion, we announce our full support for the ‘Zero Cash 100’ initiative, which aims to accelerate digital transformation by guiding 100 major companies toward ending cash transactions and fully transitioning to electronic payments, while providing the necessary incentives to ensure the success of this important step.”
He added that the initiative aligns with the Central Bank of Libya’s National Financial Inclusion Strategy 2025–2029, which aims to provide secure, accessible, and user-friendly financial services for all through digitalization and the development of an integrated digital financial infrastructure—supporting the growth of a modern digital economy capable of promoting stability and development in Libya.
The Governor continued:
“We have approved the launch of the Banking Performance Excellence Award for individuals and institutions, under the technical supervision of the Research and Statistics Department and in cooperation with this forum, in recognition of professional excellence and innovation within the banking sector.”
He concluded by announcing:
“It has been decided that the next edition of this award will be named after the esteemed banker Abdullah Al-Saudi, in honor of his distinguished career and in recognition of his significant contributions to the development of the Libyan and Arab banking sectors.”
