The North Africa Bank issued a notice to its clients confirming the receipt of December salaries transferred from the Central Bank of Libya via the “Your Salary Instantly” system. The bank clarified that work is currently underway to deposit the salaries into the beneficiaries’ accounts gradually.
The Central Bank of Libya had previously announced via the “Your Salary Instantly” platform the transfer of December salaries to employees’ accounts in commercial banks, noting that the service relies on the automatic matching of data through information received from the Ministry of Finance and does not require any direct registration from employees.
This announcement comes within the framework of ongoing coordination between commercial banks and the Central Bank of Libya to ensure salaries reach employees on time, while utilizing the instant payment system launched by the Central Bank to expedite procedures and facilitate the service.
It is worth noting that the Ministry of Finance began activating the Treasury Account system for the salaries item last August, when the data completion rate was only 41%. It is confirmed that this system is part of the strategic digital transformation projects and also includes the Government Financial Information Management system and the Electronic Payments and Collection system.
