Challenges and Opportunities of Issuing Central Bank Digital Currencies (CBDCs) and Their Impact on Monetary Policy and Financial Inclusion: A Field Study on Al-Jumhouria Bank (Main Branch), Tripoli

Abstract

This study aimed to explore the impact of Central Bank Digital Currency (CBDC) design on financial stability, monetary policy, and financial inclusion within the Libyan banking environment. Masraf Al-Jumhouria (Main Branch) was selected as the study population, with a purposive sample of (20) specialized employees.
Using a descriptive-analytical approach, the study revealed unexpected results: all three main hypotheses were rejected. The findings indicated a low perception of risks regarding deposit withdrawal or liquidity disruption, with an overall mean of (1.86), representing a "very weak" level of agreement. The study recommends enhancing technical and strategic awareness among banking staff and designing a CBDC model that preserves the intermediary role of commercial banks, alongside upgrading the technological and legal infrastructure.