Aman Bank has announced the resumption of Point of Sale (POS) transactions in USD based on a circular from the Central Bank of Libya. The bank noted that all Aman Bank cards will be accepted starting today, Monday, with a 2.5% commission, while cards from other banks will be accepted starting next Wednesday.

Aman Bank also mentioned that a dinar account has been opened for merchants to receive the equivalent amount in Libyan dinars, convertible to ensure acceptance of all Aman Bank cards and other bank cards. The USD equivalent will be deposited within 24 hours for Aman Bank cards and within 48 hours for other local and international bank cards. Customers can transfer their account balances to internal accounts in foreign currencies (USD and Euro) or make direct external transfers via “SWIFT.”

It is worth noting that the Director of the Banking and Currency Supervision Department at the Central Bank of Libya issued a circular today, Monday, to the general managers of banks, granting commercial banks the authority to process transactions using personal purpose cards through local POS terminals owned by Libyan banks.