Exclusive: CBL urges Minister of Local Governance in the GNU to Instruct Mayors to Require Shops to Adopt Electronic Payment Systems as a Condition for Granting Licenses

Our source has exclusively obtained a letter from the Governor of the Central Bank of Libya, in which he called on the Minister of Local Governance in the Government of National Unity to direct all municipal mayors to make it mandatory for shops and markets—when granting or renewing licenses—to provide proof of adopting electronic payment methods, allowing citizens to pay for goods and services using bank cards.

This would be achieved by installing electronic point-of-sale (POS) devices, which would both facilitate payments for citizens and spare shops and markets the problems of handling cash. It was further noted that this service will be provided free of charge and without any commissions to all shops and markets through the operating banks.