Tag Archives | currency

Malta “Seizes Cash bound for Haftar”

By John Lee. Malta has reportedly seized a massive shipment of an unofficial Libyan currency believed to have been destined for the Eastern-based government in Baida. According to Times of Malta, the cash is thought to have originated from Russia, which has been printing money for the unrecognised Libyan government, based in the eastern city […]

More Russian-Printed Dinars enter Circulation

By John Lee. A parallel central bank in eastern Libya reportedly stepped up deliveries of new banknotes from Russia earlier this year, around the time that Khalifa Haftar launched his military offensive to capture Tripoli. Russian customs data obtained by Reuters shows nearly 4.5 billion Libyan dinars ($3.2 billion) despatched between February and June, apparently […]

Libya announces launch of first Polymer Banknote

The Central Bank of Libya (CBL) has launched its 1 Dinar banknote that will be printed on De La Rue’s polymer substrate, Safeguard®. This is the first polymer banknote to be released by the Central Bank of Libya, and one of the first polymer banknotes to be released in the region. The introduction of polymer […]

End to Libyan Liquidity Crisis “by early 2019”

By John Lee. The Deputy Prime Minister of the Tripoli-based Government of National Accord (GNA) has reportedly said he sees the Libyan dinar stabilising next year as restoring liquidity could crimp armed groups’ funds. Ahmed Maiteeg (pictured) told Reuters that Libya expects to end a long-running liquidity crisis by early 2019 as a foreign currency tax […]

Will Libya Devalue its Dinar?

By Jason Pack for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Libya Business News. Nearly six years after the fall of Col. Moammar Gadhafi in 2011, the tally of political, social and security-related challenges facing Libya is considerable. International efforts to reconcile the deep political […]

New Banknotes delivered to Central Bank in Tripoli

The Central Bank of Libya (CBL) received on Wednesday 22nd of February a new shipment of Libyan currency estimated to be 250 Million Dinars. This shipment that arrived from Britain at Mitiga Airport is considered the fourth that the Central Bank receives this month. As usual this shipment will be distributed around various commercial banks […]

CBL Receives new Shipment of Libyan Currency

By John Lee. The Central Bank of Libya (CBL) in Tripoli received a new shipment of Libyan paper currency on Friday. The dinars were produced in the United Kingdom, and sent by air via Mitiga International Airport. In a statement, the CBL said it will distribute the shipment to commercial banks in “all regions of […]

Delivery of New Bank Notes stokes Inflation Fears

By John Lee. Libya Herald reports that 400-million dinars worth of new bank notes have been delivered to the Central Bank of Libya (CBL), and another 600-million dinars is due to arrive in Tripoli within the next couple of weeks. The notes were reportedly made by a UK company, and their arrival is stoking fears […]