The Central Bank of Libya (CBL) announced the launch of an initiative to encourage electronic payment methods, without an increase in the prices of goods and services.
On its Facebook, the CBL explained that the bank will reimburse 50% of the electronic sales of merchants in cash, as part of the CBL's effort to expand the use of electronic payment, pointing out that the CBL requires that there is no increase on the actual price of goods and services, if it was to be sold by a bank card.
The bank pointed out that all necessary measures were taken to implement this initiative, by directing commercial banks to facilitate and accelerate the issuance of local cards and expand the number of points of sale that accepts such transactions in various shops across Libya, and to make it accessible to all citizens.
Many shops and services in Libya accept payment by bank cards, but with an increase of 30% to 50% of the original price.
