The Central Bank of Libya has announced the commencement of disbursing September salaries through the "Raatibak Lahzi" system. According to the bank, the disbursement process has started for entities and sectors that have joined the system, enabling electronic salary payments through approved channels within the system. This move aims to streamline and modernize the salary payment process for Libyan employees.
The Central Bank has urged sectors that have not yet joined the system to complete their registration procedures. It is estimated that around 450,000 employees from these non-joined sectors are yet to benefit from the electronic salary payment system. By encouraging more sectors to join, the bank seeks to expand the reach and efficiency of the "Raatibak Lahzi" system.
The introduction of the "Raatibak Lahzi" system is part of Libya's efforts to enhance transparency and accountability in public sector salary payments. The system allows for real-time payment and tracking of salaries, reducing the risk of delays and discrepancies. This development is expected to have a positive impact on the lives of Libyan employees and the overall economy.
The Central Bank of Libya has been working to improve the efficiency of its services and implement modern payment systems. The "Raatibak Lahzi" system is one of the bank's initiatives to leverage technology and provide better services to the public sector. The bank continues to work towards expanding the system's coverage and improving its functionality.
The announcement of the salary disbursement comes at a time when Libya's economy is facing various challenges. The country has been dealing with issues related to oil production, including the closure of the Sharara oil field. The Central Bank's efforts to streamline salary payments are crucial in maintaining economic stability and supporting the livelihoods of Libyan citizens.
The "Raatibak Lahzi" system has been designed to provide a secure and efficient payment platform for public sector employees. The system enables employees to receive their salaries electronically, reducing the need for physical cash transactions. This move is expected to contribute to the country's financial inclusion efforts and promote a more cashless economy.
The Central Bank of Libya has confirmed that the disbursement of September salaries through the "Raatibak Lahzi" system is ongoing. The bank will continue to work with sectors that have not yet joined the system to ensure a smooth transition and expand the system's coverage. The successful implementation of the system is expected to have a positive impact on the lives of Libyan employees and the overall economy.
Key points
- The Central Bank of Libya has started disbursing September salaries through the "Raatibak Lahzi" system for joined sectors.
- Around 450,000 employees from non-joined sectors are yet to benefit from the electronic salary payment system.
- The "Raatibak Lahzi" system aims to enhance transparency and accountability in public sector salary payments.
