Tag Archives | currency

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 […]

More Russian Banknotes arrive in Eastern Libya

By John Lee. Libya Herald has reported that the third delivery of banknotes from Russia, ordered by the parallel Central Bank of Libya (CBL) based in Beida, has arrived at Labraq airport. It says that despite this delivery of LD 750 million, and previous deliveries including several hundred million dinars to Tripoli CBL from British […]

Central Bank Receives New Currency Shipment

LANA, that Libyan News Agency, has reported that the Central Bank of Libya (CBL) has received a new shipment of new currency estimated at LD 250 million, which arrived at Mitiga Airport from the United Kingdom. The Bank said the 5 dinar notes would be distributed to all Libyan commercial banks without exception in accordance […]

Eastern Central Bank to Issue New Bank Notes

By John Lee. The Eastern Libyan Central Bank, based in Beida, is reportedly planning to issue 4 billion dinars in new 20- and 50 dinar bank notes on Wednesday. The notes, printed in Russia, are an attempt to ease the liquidity crisis in the country, but are considered by the Tripoli-based Central Bank to be […]