The US dollar recorded a continuous decline against the Libyan dinar in the parallel market during trading on Sunday, February 1, 2026, closing in the capital, Tripoli, at a level of 8.76 dinars, which are the same prices in exchange office trading.
In other cities, the closing price in Zliten was 8.78 dinars, while it closed in Benghazi and Ajdabiya at a price of 8.80 dinars, reflecting the continued slight disparity between regions.
As for other foreign currencies, the euro declined to 10.25 dinars, while the British pound recorded a relative decline to 11.50 dinars.
In the precious metals market, the price of an 18-karat gold gram saw a decline to 1020 dinars, while external remittance prices recorded levels higher than cash, as the dollar price for remittances to Turkey reached 8.78 dinars, while Dubai remittances recorded 8.80 dinars.
🏦 Direct Link to Recent Central Bank Decisions
This price movement comes after the Central Bank of Libya announced the execution of pending personal purpose and merchant card reservations for the month of December on Monday, valued at $600 million. The execution price was set at 6.23 dinars per dollar. There is also a move towards reducing the exchange and consumption tax by 5% starting next April.
Analysts view these steps as a new injection of dollars into the official market, which may contribute to reducing the gap with the parallel market and calming demand in the coming period, especially after months of turmoil.
A responsible source at the Central Bank of Libya revealed the start of implementing a package of financial and regulatory measures starting from February 2026, which includes:
- Importing $600 million monthly in cash for the first time in over 15 years, following official international approval.
- Resuming the execution of pending personal purpose reservations since last December, valued at $600 million, with payments continuing monthly at the same value.
- Generalizing new operational controls on exchange companies and offices to regulate the market and improve financial compliance.
New Adjustment in the Dinar Exchange Rate
The Central Bank had recently announced a reduction in the value 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, marking a shift in the country’s economic identity.
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 center, the medina, features ancient architecture like the Arch of Marcus Aurelius and the Red Castle (Assai al-Hamra).
Zliten
Zliten is a coastal city in northwestern Libya, historically known for its Roman-era ruins and as a center of Islamic learning. It is particularly famous for the Zliten Mosaic, a well-preserved Roman floor mosaic discovered in 1913 that dates back to the 2nd century AD. The city also contains the Zawiya of Sidi Abd as-Salam al-Asmar, a significant 15th-century religious school and mausoleum that has been a key site for Sufi scholarship.
Benghazi
Benghazi is a major city in eastern Libya, historically significant as a center of trade and culture since its founding as the ancient Greek colony of Euesperides. It played a pivotal role in Libya’s modern history, serving as the provisional capital after the 2011 revolution and being the site of a major 2012 attack on a U.S. diplomatic compound.
Ajdabiya
Ajdabiya is a city in northeastern Libya, historically significant as a major crossroads for trans-Saharan trade routes and later as a site of strategic importance during various conflicts, including World War II and the 2011 Libyan Civil War. Its location has made it a recurring focal point for military engagements throughout modern Libyan history.
euro
The Euro is the official currency of the Eurozone, which consists of 20 of the 27 member states of the European Union. It was introduced in non-physical form in 1999 and as physical banknotes and coins in 2002, with the goal of fostering economic integration and stability across Europe. The currency is managed by the European Central Bank and the Eurosystem.
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.
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 as a republic in 1923 under Mustafa Kemal Atatürk, blending its deep historical legacy with a contemporary secular state. Key cultural sites include the Hagia Sophia in Istanbul, a monument that has served as a cathedral, mosque, and museum, reflecting the country’s layered historical and religious heritage.
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 in the late 20th century, fueled by oil revenue and strategic investments, leading to its current status as a hub for trade, tourism, and iconic architecture like the Burj Khalifa.
Central Bank of Libya
The Central Bank of Libya is the primary monetary authority of Libya, established in 1956 to issue currency and manage the country’s financial reserves. Its history has been deeply affected by political conflict, particularly since 2011, leading to periods where rival governments have claimed control over separate branches of the institution.
