The Central Bank of Libya announced the upcoming issuance of new currency notes in denominations of 20, 10, and 5 dinars. The 10-dinar note will be released next week, followed by the other denominations. The notes will carry the signature of Naji Mohamed Issa, Governor of the Central Bank of Libya, based on the Central Bank’s powers as outlined in the Banking Law No. (1) of 2005 and its amendments.
According to the Central Bank, a video will be released soon to explain the features, specifications, and security marks of the new currency.
A source within the Central Bank revealed that the new currency is a replacement for the 50-dinar note, which will be withdrawn at the end of April 2024, and aims to address the liquidity issue.
