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Exclusive: Central Bank Warns LPTIC: Foreign Currency Operations Will Be Halted If Citizens Cannot Pay Electronically

Central Bank of Libya

Our source has obtained an exclusive letter from the Central Bank of Libya, addressed to the Libya Telecom and Technology Company and its subsidiaries. The letter urges these companies to ensure that all services provided to citizens are payable through electronic payment methods, while the bank expressed its readiness to cooperate on this matter.

The Central Bank emphasized that it will be forced to take immediate measures to suspend all foreign currency transactions related to telecom operations if the companies fail to comply.

Specifically, the bank called on Libyana and Almadar to commit to allowing citizens to pay for all services using electronic payment solutions.

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LPTIC subsidiaries must adopt electronic payments, warns the Central Bank of Libya, or risk stopping all foreign currency operations.
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LPTIC subsidiaries must adopt electronic payments, warns the Central Bank of Libya, or risk stopping all foreign currency operations.
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LPTIC subsidiaries must adopt electronic payments, warns the Central Bank of Libya, or risk stopping all foreign currency operations.

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