The US dollar recorded a continuous rise against the Libyan dinar in the parallel market during trading on Tuesday, February 3, 2026, closing in the capital Tripoli at a level of 9.03 dinars, while it recorded a new rise in trading rooms to 9.055 dinars.
In other cities, the closing price in Zliten was 9.04 dinars, while it closed in Benghazi and Ajdabiya at a price of 9.05 dinars, reflecting a continued slight disparity between regions.
As for other foreign currencies, the euro rose to 10.53 dinars, while the British pound recorded a notable rise to 12.05 dinars.
In the precious metals market, the price of an 18-karat gold gram saw an increase to 1,077 dinars, while external transfer prices recorded levels higher than cash, with the dollar transfer rate to Turkey reaching 9.03 dinars, while Dubai transfers recorded 9.08 dinars.
New Adjustment in the Dinar Exchange Rate
The Central Bank recently announced a devaluation of the Libyan dinar by 14.7% against the Special Drawing Rights (SDR) unit, making the dinar’s value 0.1150 SDR units instead of 0.1348 units, stabilizing the new official price at approximately 6.40 dinars per US dollar.
US dollar
The US dollar is the official currency of the United States, established by the Coinage Act of 1792. It evolved from a system based on Spanish milled dollars and has become the world’s primary reserve currency since the Bretton Woods Agreement in 1944.
Libyan dinar
The Libyan dinar is the official currency of Libya, introduced in 1971 to replace the Libyan pound. It was established following the 1969 revolution that brought Muammar Gaddafi to power, symbolizing a move toward economic independence.
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 Medina and the Red Castle (Assai al-Hamra).
Zliten
Zliten is a coastal city in northwestern Libya, historically known for its Roman and Ottoman-era influences. It is particularly recognized 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 mythology. The city also holds cultural significance as the site of the Zawiya of Sidi Abd as-Salam al-Asmar, an important Islamic educational center and Sufi lodge founded in 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. It played a pivotal role in the 2011 Libyan Civil War as a key base for the uprising against Muammar Gaddafi.
Ajdabiya
Ajdabiya is a city in northeastern Libya, historically significant as a major crossroads for trans-Saharan trade routes and a center for the Senussi religious movement in the 19th and early 20th centuries. It later became a strategic location during the Libyan Civil War in 2011.
euro
The Euro is the official currency of the European Union, used by 20 of its member states which together form the Eurozone. It was introduced in non-physical form in 1999 to foster economic integration and stability, with banknotes and coins entering circulation in 2002.
British pound
The British pound, officially known as pound sterling, is the world’s oldest currency still in use, with origins tracing back to Anglo-Saxon times. It was historically a unit of weight for silver, and its symbol (£) derives from the Latin word *libra*, meaning a unit of weight.
gold
Gold is a chemical element (Au) and precious metal that has been highly valued across cultures for millennia, used historically for coinage, jewelry, and as a store of wealth. Its cultural significance is profound, often symbolizing purity, divinity, and power, as seen in artifacts like ancient Egyptian burial masks and the treasures of the Inca Empire. Major historical gold rushes, such as those in California and Australia, have also dramatically shaped demographics and economies.
Turkey
Turkey is a transcontinental nation bridging Europe and Asia, with a rich history as the heart of the Byzantine and Ottoman Empires. Its cultural sites, such as the Hagia Sophia in Istanbul and the ancient ruins of Ephesus, reflect this layered heritage from classical antiquity through to a modern republic founded in 1923.
Dubai
Dubai is a major global city and emirate in the United Arab Emirates, historically known as a small fishing and pearling village. Its modern transformation began with the discovery of oil in the 1960s, but it has since strategically diversified into a hub for tourism, finance, and trade, famous for landmarks like the Burj Khalifa and artificial Palm Islands.
Central Bank
The Central Bank is a nation’s primary monetary authority, responsible for managing currency, controlling interest rates, and ensuring financial stability. Historically, such institutions, like the Bank of England (founded 1694) or the U.S. Federal Reserve (established 1913), were created to standardize currency, act as a lender of last resort, and mitigate financial crises.
Special Drawing Rights
Special Drawing Rights (SDR) is an international reserve asset created by the International Monetary Fund (IMF) in 1969 to supplement its member countries’ official reserves. Its value is based on a basket of five major currencies: the U.S. dollar, euro, Chinese renminbi, Japanese yen, and British pound sterling.
