Libya’s currency market witnessed a noticeable rise in the exchange rate of the US dollar against bank checks as trading closed on Monday, February 2, 2026. The dollar climbed by approximately 30 qirsh, continuing its upward trajectory following a series of recent decisions issued by the Central Bank of Libya. Despite this increase, the dollar remained above the 10 dinar barrier in most banks, with the slight price difference between banks in Tripoli and Benghazi persisting.
📊 Dollar Prices for Checks at Market Close
Trading observed a slight variation between banks in different Libyan cities, with prices as follows:
| Bank | Sell Price (Dinar) | Buy Price (Dinar) |
|---|---|---|
| Commerce and Development (Tripoli) | 10.430 | 10.4275 |
| Development / Unity (Benghazi) | 10.400 | 10.3975 |
| Unity/Republic / National Commercial / Aman | 10.420 | 10.4175 |
| Sahara / Wahat / Islamic / North Africa | 10.410 | 10.4075 |
| United / Nouran / Saray | 10.400 | 10.3975 |
🟦 Limited Execution… and Only December Reservations Settled
The Central Bank of Libya confirmed that current execution transactions are limited to settling pending personal purpose requests for December 2025 only, without accepting or executing any new requests until this batch is fully completed. The process will continue until the sale of the $600 million allocated for this phase is finished.
The central bank circulated regulations to exchange companies and offices regarding the sale of foreign cash to individuals, setting a ceiling of 70% for purchases through them. They are obligated to sell $8,000 annually, not counting the amounts allocated for personal purposes ($2,000), medical treatment ($10,000), and study ($7,500). For foreigners in the public and private sectors, the limit is $3,000 annually, not exceeding $300 per month. No foreign cash transaction may be executed outside the unified electronic platform.
The bank had previously announced a 14.7% devaluation of the Libyan dinar against the Special Drawing Rights (SDR) unit. The dinar’s value became 0.1150 SDR units instead of 0.1348 units, with the new official price stabilizing at around 6.40 dinars per US dollar.
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 becoming known for Muammar Gaddafi’s lengthy rule from 1969 until the 2011 revolution. The country is home to UNESCO World Heritage sites, such as the ruins of Leptis Magna, which showcase its significant classical past.
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 the mid-20th century.
Central Bank of Libya
The Central Bank of Libya is the country’s primary monetary authority, established in 1956 to issue currency and manage monetary policy. It has played a critical and often divisive role in Libya’s recent history, with parallel institutions emerging in the east and west during the post-2011 civil conflict.
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, serving as a major port and cultural crossroads. Its historic core, the medina of Old Tripoli, contains significant architecture from these various eras.
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.
Commerce and Development
Commerce and Development is a modern business district in Shanghai, China, known for its skyscrapers and as a major financial hub. It was developed starting in the 1990s as part of the city’s rapid economic expansion, transforming the area from a largely industrial zone into a global center for finance and trade.
Development
Development is a broad concept referring to the process of growth, progress, or positive change, often applied to economic, social, or infrastructural advancement within nations or communities. Historically, its modern usage became prominent in the post-World War II era, focusing on strategies to improve living standards and reduce poverty in newly independent and less industrialized countries.
Unity
Unity is a small town in Saskatchewan, Canada, founded in 1908 as a railway point during the settlement of the Canadian West. Its name was chosen to symbolize the cooperative spirit among its early settlers, and it remains a community-focused agricultural hub.
Republic
The Republic is a public square in the heart of Paris, France, originally known as Place du Château d’Eau. It was renamed in 1880 to commemorate the establishment of the French Republic and is dominated by a large bronze statue of Marianne, a national symbol of liberty and reason. The square has historically been a major gathering point for political demonstrations and public celebrations.
National Commercial
The National Commercial is a historic bank in Saudi Arabia, founded in 1953 as the first licensed commercial bank in the kingdom. It played a pivotal role in the country’s early financial development and modernization, later merging with Samba Financial Group in 2021 to form Saudi National Bank.
Aman
Aman is a luxury hotel and resort brand founded in 1988 by Adrian Zecha, known for its exclusive, serene properties often located in remote or culturally significant destinations. The brand emphasizes minimalist design, privacy, and deep integration with local environments, drawing inspiration from the Sanskrit word for “peace.” While not a single historical site, each Aman property is carefully designed to reflect and honor the heritage of its location.
Sahara
The Sahara is the world’s largest hot desert, spanning much of North Africa. Historically, it was not always arid, with evidence of a greener environment and human settlements, including prehistoric rock art, thousands of years ago. Its harsh landscape has been shaped by climatic shifts and has been crossed by trade caravans for centuries.
Wahat
Wahat, also known as the Kharga Oasis, is the largest oasis in Egypt’s Western Desert and has served as a vital stop on ancient caravan routes for thousands of years. Historically, it was a significant agricultural and trade center, with archaeological evidence of settlements dating back to the Old Kingdom and notable ruins from the Roman and early Christian periods.
Islamic
“Islamic” is not a specific place or cultural site but refers broadly to the religion of Islam and its associated traditions. However, notable cultural sites include the Kaaba in Mecca, a cube-shaped structure at the heart of Islam’s holiest mosque, Al-Masjid al-Haram, which has a history of use as a sanctuary predating Islam and is the focal point of Muslim prayer and pilgrimage.
North Africa
North Africa is a region comprising countries along the Mediterranean coast and the Sahara Desert, historically home to ancient civilizations like the Egyptians, Carthaginians, and Numidians. It later became a major part of the Islamic world following the Arab conquests in the 7th century, profoundly shaping its cultural and architectural identity. The region’s history also includes periods of Ottoman rule and European colonization before the emergence of modern nation-states.
United
United is a historic football club based in Manchester, England, officially known as Manchester United. Founded in 1878 as Newton Heath LYR Football Club, it was renamed Manchester United in 1902 and has since become one of the world’s most famous and successful football teams, with a storied history including numerous domestic and European trophies. The club’s home ground is Old Trafford, an iconic stadium often referred to as the “Theatre of Dreams.”
Nouran
Nouran is a modern residential and commercial district located in the New Administrative Capital of Egypt, developed as part of the country’s urban expansion plans in the 21st century. It represents contemporary Egyptian urban development, designed to provide integrated living, business, and recreational spaces.
Saray
Saray, often referring to the historic Sarayburnu (Seraglio Point) in Istanbul, is the promontory where the Topkapı Palace was constructed after the Ottoman conquest of Constantinople in 1453. The palace served as the administrative center and royal residence of the Ottoman sultans for nearly four centuries, symbolizing the empire’s power and cultural sophistication.
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.
Special Drawing Rights
Special Drawing Rights (SDR) is an international reserve asset created by the International Monetary Fund in 1969 to supplement its member countries’ official reserves. It is not a currency but a potential claim on the freely usable currencies of IMF members, with its value based on a basket of major currencies including the U.S. dollar, euro, Chinese renminbi, Japanese yen, and British pound sterling.
