Tripoli | Follow-up – Trading on Libya’s parallel market concluded on Monday, December 29, 2025 with a collective rise in foreign currencies against the dinar. The capital, Tripoli, recorded a rate of 8.715 dinars to the dollar, while the cities of Zliten, Benghazi, and Ajdabiya saw stability at 8.72 dinars, indicating a general upward trend.
Foreign Currency Prices (Euro and Pound): Major currencies reached new record levels at the close:
- Euro: Rose to 10.105 dinars.
- British Pound: Reached 11.45 dinars.
Gold and Remittance Prices: In the metals market, a gram of 18-karat broken gold recorded a notable decline at 885 dinars. As for foreign remittances, the rates were as follows:
- Turkey Remittance: 8.7050 dinars.
- Dubai Remittance: 8.695 dinars.
Tripoli
Tripoli is the capital and largest city of Libya, located on the country’s Mediterranean coast. Historically, it was founded by the Phoenicians in the 7th century BC and has since been ruled by the Romans, Arabs, Ottomans, and Italians, which is reflected in its diverse architecture, such as the ancient Red Castle (Assaraya al-Hamra).
Libya
Libya is a North African country with a rich history rooted in ancient civilizations like the Phoenicians and Romans, followed by centuries of Arab and Ottoman influence. In the modern era, it was an Italian colony before gaining independence in 1951, later undergoing significant political changes under Muammar Gaddafi’s lengthy rule from 1969 until the 2011 revolution.
Zliten
Zliten is a coastal city in northwestern Libya, historically known for its ancient Roman and Ottoman influences. It is particularly famous for the Zliten Mosaic, a well-preserved Roman floor mosaic from the 2nd century AD discovered in a villa, depicting scenes of daily life and gladiatorial combat. The city also holds cultural significance as the site of the Zawiya of Sidi Abd as-Salam al-Asmar, an important Islamic religious school and Sufi center dating back to the 15th century.
Benghazi
Benghazi is a major city in eastern Libya, historically significant as a center of trade and culture since its founding as the Greek colony of Euesperides in the 6th century BC. It later served as a joint capital of Libya and was a focal point of the 2011 uprising that led to the overthrow of Muammar Gaddafi.
Ajdabiya
Ajdabiya is a city in northeastern Libya, historically significant as a major crossroads for trans-Saharan trade routes and later as a key site during the 2011 Libyan Civil War. Its strategic location has made it a contested area in various conflicts throughout Libya’s modern history.
Turkey
Turkey is a transcontinental nation bridging Europe and Asia, with a rich history rooted in the ancient civilizations of Anatolia and later as the heart of the Byzantine and Ottoman Empires. Its modern identity was forged after the fall of the Ottoman Empire, becoming a secular republic in 1923 under Mustafa Kemal Atatürk. Today, it is renowned for its diverse cultural heritage, which includes iconic sites like Hagia Sophia, the ruins of Ephesus, and the unique landscapes of Cappadocia.
Dubai
Dubai is a major global city and emirate in the United Arab Emirates, historically a small fishing and pearling village. Its modern transformation began with the discovery of oil in the 1960s, which funded massive infrastructure projects, leading to its current status as a hub for tourism, finance, and trade.
