News
CBL source to Libya Herald: CBL moving towards ending cash collection of taxes and customs duties " moving solely to e-collections
4+ hour, 19+ min ago (423+ words) The source added that this new approach is part of CBL Governor Naji Issa's strategy to promote financial inclusion and expand the use of modern electronic payment methods. He indicated that the relevant authorities will be required to gradually cease…...
Clash between Libya's religious and secular authorities regarding the permissibility of surcharging for e-payments
1+ mon, 1+ week ago (1325+ words) e-payments v cash (Jumhouria bank) A clash is occurring between Libya's secular and religious orders as to the permissibility of merchants imposing an extra charge for receiving payments, for goods or services, electronically versus in cash. The religious view Last…...