The Central Bank of Libya announced the commencement of procedures to disburse September 2026 salaries through the 'Raatibk Lahty' system. This follows the receipt of spending permits from the Ministry of Finance under the temporary National Unity Government. The bank stated that it has started transferring salaries to commercial banks. This is in preparation for disbursing funds to beneficiaries through the 'Raatibk Lahty' system. The system allows employees to track their salary disbursement electronically.
The 'Raatibk Lahty' system provides a transparent process for employees to monitor their salary payments. It also enables them to follow the stages of transferring their entitlements to their bank accounts. As of September, approximately 1.75 million public sector employees are registered in the 'Raatibk Lahty' project. This represents about 79% of a total of 2.2 million employees. The Central Bank made the announcement through its official Facebook page.
The Central Bank of Libya urged sectors and entities that have not yet joined the 'Raatibk Lahty' system to complete their registration. The bank emphasized that the system offers an electronic mechanism to facilitate employees' access to their entitlements. It also contributes to enhancing oversight and protecting public funds. The 'Raatibk Lahty' system is part of the bank's efforts to expand digital transformation in financial services.
The disbursement of September salaries through the 'Raatibk Lahty' system aligns with the Central Bank's strategy to develop payroll management mechanisms. This aims to increase transparency and efficiency in disbursement procedures. The bank continues to work on developing the 'Raatibk Lahty' system. This includes automating the process of receiving and addressing complaints related to unexecuted salaries.
The Central Bank of Libya is committed to addressing issues that may arise during salary disbursement. It aims to improve the speed of processing unresolved cases in coordination with the Ministry of Finance and relevant parties. The bank's efforts are focused on digital transformation in the financial sector. This includes enhancing the services provided to employees and facilitating their access to financial entitlements.
The development of the 'Raatibk Lahty' system and other digital banking services is a priority for the Central Bank of Libya. The bank seeks to improve the efficiency of disbursement operations and ensure that employees can easily access their salaries. This is part of its broader strategy to enhance financial services and promote digitalization in Libya.
The Central Bank's efforts to develop digital banking services reflect its commitment to modernizing Libya's financial sector. By expanding the use of digital systems like 'Raatibk Lahty', the bank aims to improve transparency, efficiency, and accountability in financial transactions. The system's development and expansion are expected to have a positive impact on employees and the broader economy.
Key points
- The Central Bank of Libya has started disbursing September 2026 salaries for 1.75 million employees through the 'Raatibk Lahty' system.
- The 'Raatibk Lahty' system allows employees to track their salary disbursement electronically and has a 79% participation rate among public sector employees.
- The Central Bank of Libya is committed to developing digital banking services and expanding the use of the 'Raatibk Lahty' system to improve financial services and promote digitalization.
