The Trade and Development Bank has announced that loading international electronic payment cards with foreign currency will be done exclusively against a cash deposit, in implementation of the instructions from the Central Bank of Libya and the Banking and Currency Control Administration.
According to circulating information, this measure applies to all reservations for the month of December, meaning only transactions where a cash deposit was made from December 1, 2025, until today’s date will be accepted.
The bank clarified that any transaction not involving a direct cash deposit will be rejected, emphasizing the necessity for customers to adhere to this condition to ensure loading operations are carried out without delay.
Trade and Development Bank
The Trade and Development Bank (TDB) is a multilateral, treaty-based financial institution founded in 1985 to foster trade, regional economic integration, and sustainable development across its member states in Africa. Originally established as the Eastern and Southern African Trade and Development Bank, its history reflects a mission to provide trade finance, project and infrastructure lending, and advisory services to both public and private sector actors.
Central Bank of Libya
The Central Bank of Libya is the primary monetary authority of Libya, originally established in 1956 as the National Bank of Libya. It was later renamed and has played a critical role in managing the country’s economy and currency through periods of significant political change, including the 2011 revolution and subsequent conflicts.
Banking and Currency Control Administration
The Banking and Currency Control Administration was a key financial regulatory body in the Soviet Union, established in the late 1920s. It was responsible for overseeing the state banking system, controlling currency circulation, and enforcing strict financial discipline within the centrally planned economy.
