Tripoli – The Central Bank of Libya announced this evening the actual start of implementing the disbursement authorizations for December (12) salaries for all state sectors, following their official receipt from the Ministry of Finance. The bank confirmed the transfer of funds to commercial banks to begin depositing them into citizens’ accounts.
Activation of the “Your Salary Instantly” System:
This step is supported by the “Your Salary Instantly” technology, the digital system developed by the Central Bank to ensure maximum levels of transparency and speed. This technology allows for the following:
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Direct Tracking: Enables the employee to see the path of their salary from the Ministry of Finance until it reaches the bank.
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Digital Transformation: Reduces the traditional documentary cycle to ensure liquidity arrives on time.
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Public Oversight: Provides an opportunity for citizens to monitor the performance of commercial banks in executing transfers.
Direct Links for Salary Inquiry:
The Central Bank of Libya called on citizens wishing to follow up on the status of their “disbursement authorization” or view implementation statistics to use the following platforms:
Commitment to Electronic Transformation:
The Central Bank renewed its confirmation of the continued efforts to develop digital banking services, noting that the “Your Salary Instantly” project is part of a comprehensive strategy to improve the efficiency of public financial management in Libya and keep pace with international standards in financial transactions.
Tripoli
Tripoli is the capital and largest city of Libya, located on the country’s Mediterranean coast. Historically, it was founded by the Phoenicians in the 7th century BC and has since been ruled by the Romans, Arabs, Ottomans, and Italians, serving as a major port and cultural crossroads. Its historic center, the medina of Tripoli, features well-preserved architecture from these various eras.
Central Bank of Libya
The Central Bank of Libya is the country’s primary monetary authority, established in 1956 to issue currency and manage monetary policy. It has played a critical and often divisive role in Libya’s recent history, with parallel institutions emerging in the east and west during the period of conflict following the 2011 uprising.
Ministry of Finance
The Ministry of Finance is a key government department responsible for managing a nation’s revenue, economic policy, and public spending. Its history is often intertwined with the formation of the modern state, evolving from ancient treasury offices to a formal ministry as centralized governance developed.
Libya
Libya is a North African country with a rich history rooted in ancient civilizations like the Phoenicians and Romans, followed by centuries of Arab and Ottoman influence. In the modern era, it was an Italian colony before gaining independence in 1951, later becoming known for Muammar Gaddafi’s lengthy rule from 1969 until the 2011 revolution. The country is home to UNESCO World Heritage sites, such as the ancient Greek city of Cyrene and the Roman ruins of Leptis Magna.
