Libya's Cash Crisis Forces Shift to Cards Amid Growing Challenges | Firstpost Africa

Libya's Cash Crisis Forces Shift to Cards Amid Growing Challenges | Firstpost Africa

Libya's ongoing cash crisis is pushing citizens toward digital payments as cash shortages worsen across the country. Long queues outside heavily guarded banks often end in disappointment, with limited withdrawals capped at 1,000 dinars ($206). Civil servants face delayed salaries, while counterfeit 50-dinar notes further disrupt transactions. Younger Libyans are adopting bank cards, but limited ATMs and payment terminals hinder progress. The Central Bank of Libya is attempting solutions, including injecting cash and printing new currency, but political divisions and mistrust in the financial system remain significant obstacles. As Libya struggles with economic instability, the transition to a cashless society highlights resilience but reveals persistent infrastructure and trust challenges. Watch the video to learn more.

---

Libya | Cash Crisis | Central Bank of Libya | Firstpost Africa | Alyson Le Grange | Africa | Global South | Geopolitics | Military Coup | Environment | Climate Change | Firstpost | News Live | World News | Latest News | Global News | International News | News | Trending News

#libya #cashcrisis #centralbankoflibya #firstpostafrica #africa #alysonlegrange #globalsouth #militarycoup #firstpost #newslive #worldnews #latestnews #globalnews #news #internationalnews #trendingnews

Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel.

Subscribe to Firstpost channel and press the bell icon to get notified when we go live.
https://www.youtube.com/@Firstpost

Follow Firstpost on Instagram:
https://www.instagram.com/firstpost/

Follow Firstpost on Facebook:
https://www.facebook.com/firstpostin/

Follow Firstpost on Twitter:
https://twitter.com/firstpost

Follow Firstpost on WhatsApp:
https://www.whatsapp.com/channel/0029Va6zOIrEQIamseyg762V