Libyan Money Notes & Coins

 

new one libyan dinar 2013

The New One Libyan Dinar, 2013.

The old one Libyan dinar: obverse side, and the reverse side.

Saddek Omar Elkaber, current head of Libyan Central Bank, told Reuters that "the first delivery of the war-torn country's new banknotes still nearly two months away . . . The first shipment will arrive at the end of December... We are going to have to manage the liquidity problem until then." But as of the 7th of January 2012 most Libyans are yet to see the new currency, except for the ten dinar note (see below). All the notes shown in this page are still in use in Libya (as of May 2012), except the fifty dinar note, and the quarter and half dinar notes, which are no longer valid. However, the equivalent quarter and half dinar coins are still valid. 

On the 14th of January 2012 Libya.tv announced that the CBL had started withdrawing old currency from circulation, apparently to "restore liquidity into the country’s banking system" after it found that the vast majority of funds are being kept outside banks -- in excess of 15 billion dinars (or 96% of available money), the governor of CBL said. The transition will initially start with "fifty dinar banknotes".  The last date for handing in the 50-dinar bill is the 15th of March 2012.

"The bank’s deputy governor, Ali Mohammed Salem, told Reuters last month that the central bank’s major concern was to restore liquidity in the Libyan banking system, which was depleted of its dinar reserves when Gaddafi’s entourage seized 3-4 billion dinars from the central bank. They also seized 2.3 billion dinars worth of gold, he said."  However, according to a recent report: "The new leadership did not know the size of state assets, how their money was being spent, or what had happened to more than $2 billion transferred from the sovereign wealth fund." http://www.reuters.com/article/2012/05/08/us-libya-finances-idUSBRE8470E220120508

 

One Libyan Dinar Note:

The Libyan Dinar (دينار ليبي) was introduced in 1971 by the Central Bank of Libya as a replacement of the Jonayh, Jnee, or Gnee; which recalls the old English guinea (: originally was worth more than one pound: about £1.05 in today's money. The old English guinea was used to pay gentlemen like artists, but the pound was the common unit used to pay ordinary workers like labourers). ISO 4217 (or the currency code) of the Libyan Dinar is LYD, which sometimes is found as LD.

 

The Value of The Libyan Dinar (1LYD):

The Libyan Dinar was worth $3.3 (US dollars) and remained so strong until the 1980s, after which it began to gradually fall. Today it is worth less than a dollar (about $0.80). The rate of the American dollar in the Libyan black market has reached ten times that of the Libyan rate in 1996; which led the Libyan government to relax its grip on selling dollars to the Libyan people and thereby succeeding in lowering this rate to the average of three times that of the Libyan rate. Foreign travellers and visitors must not leave the country with more money than they initially declared when they arrived.

 

The Units of The Libyan Dinar:

  • One Libyan dinar (LYD 1) = 100 qirsh = 1000 dirham (or mellim).
  • Qirsh = 10 dirham.
  • The smallest coin in circulation is 5 qirsh (50 mellim or milliemes) or 5 pence.
  • The copper 1 pence and 2 pence coins are no longer in circulation, but are available from Libyan banks.

The Libyan Dinar comes in the following notes:

  • ¼ dinar (this note is no longer valid from the 1st of October 2010 - only the coin is accepted [see bottom of this page])
  • ½ dinar (this note is no longer valid from the 1st of October 2010 - only the coin is accepted [see bottom of this page])
  • 1 dinar
  • 5 dinars
  • 10 dinars
  • 20 dinars
  • 50 dinars

 

 


 
 

A Quarter of Libyan Dinar Note:

 
 

a quarter of dinar
A note of quarter dinar (or 25 pence).
a quarter of libyan dinar note
The reverse side, showing the Fort of Murzuq, with unbelievably tall palms!

No longer valid. Only coins of the same value are still valid.

 
 

 

 

Top Banks of Libya:

There are about ten major banks in Libya: the Central Bank of Libya,   the Agriculture Bank, the National Commercial Bank, the Commerce & Development Bank, the Arab Foreign Bank, the Savings and Real Estate Investment Bank, the Sahara Bank, al-Jamahiriya Bank, the Umma Bank, and the Wahda Bank.  For more details, please see our Libyan Banks page.

 

 

 
 

Half Libyan Dinar Note:

 
 

half libyan dinar
A note of half dinar.
half libyan dinar
The reverse side of the Libyan half dinar.

No longer valid. Only coins of the same value are still valid.

 
 

 

Exchanging Money in Libyan Banks:

It can be disappointing to travellers to find out that many banks in Libya, particularly those located in small towns and villages, are not authorised to deal in foreign currency and as such unable to exchange foreign currency for Libyan money. Only large banks or money shops (exchange bureaus) offer this services. It is perfectly safe to carry large amount of cash with you in Libya, and therefore exchanging small amounts at a time can be impractical at times. Always bring cash with you into the country.

 

Check the latest currency rates at the Central Bank of Libya: http://cbl.gov.ly/home/xrates.php

pictures of flags of USA,UK and Euro for exchange rates

 

 
 

Five Libyan Dinars Note:

 
 

five libyan dinars
Five Libyan Dinars.
five libyan dinars obverse side

 

Decree 37 (of 2012):

On the 22nd of October 2012 the Central Bank of Libya issued Decree 37/2012 (https://www.temehu.com/NTC/cbl/decree-37-2012).

According to this decree the old five-dinars note (and also the ten-dinars note) of the fourth and fifth series will be withdrawn from circulation on the 1st of November 2012. 

Article (2) of the Decree states that the Libyans have until the 31st of December 2012 to return the old notes to the bank. The new five-dinars note is shown below:

 

new libyan five dinars note

The New 5-Dinars Note (2012).

The differences between the old and the new 5-dinars notes are:

(1) the removal of the name "Great Socialist People’s Libyan Arab Jamahiriya";
(2) the removal of the Koranic phrase (shown in the left, lower section of the old note);
(3) the reverse side of the new note is now in English (instead of Arabic);
(4) the removal of the "coat of arms" and the Arabic text from the reverse side.

 

new libyan 5 dinars note

 

 

 
 

 

Western Union & Cash:

Branches of Western Union are available in Libya as agents of Libya's Bank of Commerce and Development, and their offices are located inside the banks. According to Libyan law you must not leave Libya with more money in your possession than the money you had when you first arrived. Generally speaking, cash is normally used by most tourists. If you are coming from Tunisia, then you might would like to know that in a joint conference with the Tunisian Prime Minister, the Secretary of the Libyan GPS has announced that from the 15th of January 2007 the Libyan and Tunisian dinars will be accepted in all Tunisian and Libyan banks and shops, without any reservation. If you are buying or exchanging any Libyan money in Tunisia before you enter Libya, please check their authenticity. It is highly recommended to buy your Libyan currency inside Libya; your tour guide will be very happy to help.

 

 

 
 

Ten Libyan Dinars Note:

 
 

ten dinars note

The old Libyan ten dinars note, showing the leader of the resistance the martyr Omar Almokhtar.

ten dinars note reverse side

 
     
 

 

 

The following 10 dinars note was released by Gaddafi's government during the last months of the February war,
when currency was very scarce during the imposed sanctions.

war released 10 dinars

 

 

 
     
 

 

NTC

new Libyan 10 dinars

New Ten Dinars Note.

The new note does not carry the name of the country, except the name of the "Libyan Central Bank".
The new ten-dinars note has been in circulation since November 2011.

the reverse side of 10 dinars

The differences between the old and the new 10-dinars notes are:

(1) the removal of the name "Great Socialist People’s Libyan Arab Jamahiriya";
(2) the removal of the Koranic phrase (shown in the left, lower section of the old note);
(3) the reverse side of the new note is now in English (instead of Arabic);
(4) the removal of the phrase: "declaration of people's power".

 

 

 
 

 

Credit Cards & ATM Machines in Libya:

Credit cards are not widely accepted (please see our Travel Guide for details). ATM cash machines are found mainly in Tripoli and Benghazi, including Tripoli Airport, and in some other cities like Cyrene, Sert, Musratha and Zuwarah. Whether they have cash in them at all times or not is a different matter. Please note that the limit on the daily amount you can withdraw from any ATM machine in Libya is set by your own bank and often varies from 400 Libyan Dinars to 1000 Libyan Dinars, depending on type of card.

 

The following list shows the locations of Wahda's ATM machines as published by the Wahda Bank (wahdabank.org).

Branch City
Main Branch Benghazi Benghazi
Souk Branch Benghazi
Tibesti Branch Benghazi
Wahda Alarabia Agency Benghazi
Khalij Branch Benghazi
Alabyar Branch Benghazi
Rasheed Branch Tripoli
Swani Road Branch Tripoli
Saqah Mosque Branch Tripoli
Magharba Branch Tripoli
Jadah Branch Tripoli
Algeria Square Branch Tripoli
Burj Tripoli Branch  Tripoli
Tobruk Branch Tobruk
Zliten Branch Zliten
Ben Jawad Branch Ben Jawad
Ras Lanuf Agency Ras Lanuf

 

 
 

 

Location of ATMs in Tripoli according to www.visa.co.uk.

You can use the following tool to search for the location of ATM machines in any country in the world including Libya.

locate cash machines anywhere in the world.
http://www.visaeurope.com/en/cardholders/atm_locator.aspx

 

 

Also you can use Mastercard ATM Locator Tool at:

http://www.mastercard.com/global/atmlocations/

 

 

 
 

Twenty Libyan Dinars Note:

 
 

 

GNC

new 20 libyan dinar note 2013

The New 20 Libyan Dinar, 2013.

 

20 libyan dinar note

The old 20 Libyan dinars.

20 libyan dinars

A note of twenty dinars, showing the man-made river.

 

 

 

 
 

 

 

Cashing Travellers Cheques in Libya:

Travellers cheques: very few banks in Libya accept travellers cheques. If you do find one that accepts them, make sure you produce the document issued to you by your bank when you bought the travellers cheques. This document should have your name and the serial numbers of all the travellers cheques in the book. Without this document you will not be able to cash the cheques in Libyan banks.

 

 

 
 

Fifty Libyan Dinars Note:

 
 


50 libyan dinar note
The old 50 dinars note, showing Col. Gaddafi.
50 libyan dinar



 
 

 

The fifty dinar note is no longer valid; it was withdrawn by  Law 1 (of 2012):
https://www.temehu.com/NTC/cbl/cbl-decree-1-2012-withdrawing-50d-notes.pdf

On the 23rd of May  2013 LANA reported that the CBL (Central Bank of Libya) will be launching the new 50 Dinars banknote; and that it will hold a celebration in June [2013], in Benghazi, to celebrate the  first shipment of the new banknote. The CBL said choosing Benghazi for the party is in line with commemorating Benghazi's famous monument, Khribiesh Beacon ( منارة خريبيش ),  on the new banknote. The Khribiesh monument was built in 1935.

the first issue of the libyan fifty dinar note

This is the first issue of the old 50 dinars note, as indicated by its number (cbl.gov.ly/pdf/0epx4sNPp2x51FMFhSj.pdf).

 

 

 
 

2013

the new Libyan 50 dinars note - side 1
The new, green 50 dinars note ?

the new Libyan 50 dinars note - side 2

 

 
 

Libyan Coins:

 
 

 

 

libyan coins

Libyan coins showing half dinar (top left), quarter dinar (top right), 100 dirham (bottom left), and 50 dirham (bottom right).
The coins below show the reverse side of the above coins.

 

libyan coins

 

 

Libyan coins

Image from www.wahdabank.org

Depositing or withdrawing any amount in coins is possible at Al Wahda Bank.

 

 

 
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