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The Central Bank Announces the Restoration of All Banking Systems

The administration temporarily appointed by the Presidential Council to manage the Central Bank of Libya announced today, Thursday, the restoration of all systems used in the banking sector, including the main banking system “Oracle.”

This announcement follows the bank’s efforts to resume operations that had been halted due to the previous administration’s actions of blocking and disabling banking systems.

The temporarily appointed administration confirmed that the central bank’s main network is back to normal operation, enabling the relevant departments to resume their activities related to the banking sector and managing the bank’s reserves abroad.

The administration also restored local and international payment systems, including “Swift,” “RTGC,” “ACH,” and “ECC,” as well as the local payment authorization system related to citizens’ salaries in sectors funded by the public treasury, which will allow for the payment of citizens’ salaries across Libya next Sunday.

The administration added that it has taken all necessary technical, security, and legal measures to secure and protect its banking systems.

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