Libyan Prime Minister Osama Hammad has launched a sweeping financial reform initiative aimed at confronting the country’s liquidity crisis and modernizing its payment systems.
In an official statement numbered (25) for 2025, Hammad instructed the immediate activation of Decision No. 135 of 2025, which regulates electronic payment methods across Libya. The move, he said, reflects the government’s determination to expand financial inclusion, promote transparency, and reduce dependence on cash transactions in local markets.
The Prime Minister ordered full enforcement of the decision and the implementation of penalties against all businesses, service providers, and professionals who fail to comply with the mandatory adoption of electronic payment systems. The sanctions include the closure of noncompliant shops and the withdrawal of operating licenses, as part of what Hammad described as a nationwide effort to instill a culture of organized financial transactions and restore public confidence in the banking system.
He also reaffirmed his commitment to combating unlicensed currency trading, directing security agencies to continue their crackdown on illegal foreign exchange offices. Hammad said the campaign seeks to protect the national economy and prevent speculation that destabilizes the financial market.
To ensure swift execution, the Prime Minister called on the Interior Ministry, the Municipal Guard, the Central Bank of Libya, and judicial and regulatory authorities to coordinate and immediately enforce the decision nationwide. He stressed that the government will show zero tolerance toward entities resisting the transition to modern, regulated financial systems.
The initiative forms part of Hammad’s broader economic reform agenda, which aims to restructure Libya’s financial infrastructure, enhance transparency, and align domestic transactions with internationally recognized electronic systems.
