Circular 9/2026: Instructions on Electronic Wallets and Payment Limits

Central Bank of Libya
P.O. Box 1103
Telegram Address: Bank of Libya - Tripoli - Libya

Circular Erm No. (2026/9)
Date: 21 Ramadan 1447
Corresponding to: March 11, 2026

To: General Managers of Banks
General Manager of Ma'amalat Financial Services Company General Managers of Electronic Payment Companies

Greetings,

Based on the provisions of Law No. (1) of 2005 concerning Banks and its amendments, and the Libyan Banking Sector Governance Guide issued by the Central Bank of Libya Board of Directors Decision No. (4) of 2024 and disseminated via Circular Erm No. (2024/19), and the supervisory and regulatory role of the Central Bank of Libya.

With reference to Circular Erm No. 2017/10 regarding the controls and instructions for the electronic payment service via mobile phones and electronic wallets, and Circular No. Erm No. (2023/21) regarding the Information Technology Governance Guide.

And in the context of enhancing financial inclusion, developing the electronic payment system, and regulating the electronic wallet service provided by electronic payment companies licensed by the Central Bank of Libya, we inform you of the issuance of the Central Bank of Libya instructions as follows:

1. Licensed electronic payment companies are permitted to issue electronic wallets to legally resident foreigners, provided the following requirements are met:

1. Submission of a valid passport, or a valid residence document issued by the competent authorities.
2. A phone number registered in the customer's name linked to their passport.

2. The daily limit for transfers between electronic wallets shall be as follows:

1. For Libyan Citizens:

• Individual to Individual transfer with a limit of 100,000 (one hundred thousand) dinars.
• Individual to Company transfer with a limit of 500,000 (five hundred thousand) dinars.
• Company to Company transfer with a limit of 2,000,000 (two million) dinars.

2. For Foreigners:

• Individual to Individual transfer with a limit of 50,000 (fifty thousand) dinars.
• Individual to Company transfer with a limit of 100,000 (one hundred thousand) dinars.

For your information, you are requested to expedite the implementation of the aforementioned instructions, and periodic and continuous follow-up will be conducted through field inspections of the concerned companies by the Banking and Currency Control Department.

Peace be upon you.

Abdulmajid Muhammad Al-Maqouri
Director of Banking and Currency Control Department

Copy to:
Mr. / The Governor
Mr. / The Deputy Governor
Mr. / Director of Payments Department - Central Bank of Libya Mr. / Director of Information Technology Department - Central Bank of Libya Mr. / Director of the Libyan Financial Intelligence Unit - Central Bank of Libya Mr. / Director of Research and Statistics Department - Central Bank of Libya Mr. / Deputy Director of Banking and Currency Control Department Mr. / Deputy Director of Banking and Currency Control Department for Banking Supervision Affairs / Benghazi Mr. / Deputy Director of Banking and Currency Control Department for Islamic Banking Affairs Mr. / Deputy Director of Banking and Currency Control Department for Inspection Affairs Mr. / Deputy Director of Banking and Currency Control Department for Office Supervision and Compliance Follow-up Affairs Mr. / Compliance Department Managers at Banks

Circulars 2026

Phone: +218 21 218 333 3591 - Fax: +218 21 218 444 1488 - www.cbl.gov.ly - Swift code: CBLJLYLX