Our source at the Central Bank of Libya revealed to that the Central Bank has uncovered an illegal printing of the 50-dinar denomination, confirming that the bank officially received over 3 billion dinars more than the original printed amount (13.5 billion dinars), bringing the total recorded amount of 50-dinar notes to more than 16 billion dinars.
The source also pointed to concerns of possible counterfeiting in the 20-dinar note, labeling it as a suspicious denomination. This has prompted the Central Bank to accelerate its withdrawal as a measure to protect reserves, and it has now been officially included among the withdrawn denominations announced today.
Reassuringly, the source stated that the Central Bank has already printed a new, secure polymer-based currency that is resistant to forgery and illegal replication as a replacement for the withdrawn notes. Additionally, efforts are underway to expand electronic payment services.
