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Libya’s payment landscape is dominated by cash, but the country is experiencing a gradual shift towards greater digital adoption. Libya’s payment system is significantly affected by ongoing political instability and conflict. Cash remains the dominant method of transaction due to the disruption of banking services and limited access to reliable digital payment systems. Credit and debit card usage is limited. The development of mobile money solutions and other digital methods is severely hampered by the ongoing conflict.

Population

Estimated Population

7 million

Currency

Currency

Libyan dinar (LYD)



Popular payment methods