Libya's central bank plans to issue a new 50-dinar banknote with world-class specifications.

Libya’s central bank plans to issue a new 50-dinar banknote with world-class specifications.

Tripoli – A responsible source at the Central Bank of Libya has revealed an imminent plan to issue a completely new version of the 50-dinar banknote, printed on polymer material and equipped with modern security and technical specifications.

This step is part of the monetary authorities’ efforts to protect the national currency, fortify cash transactions against counterfeiting, address liquidity crises, and improve the quality of currency in circulation in local markets.

Key technical features of the new banknote:

Raw material: Adoption of highly durable polymer material instead of traditional cotton paper.
Security standards: Equipping the denomination with advanced security features and visual technologies that are difficult to replicate or forge.
Lifespan: Increased durability of the banknote and its resistance to damage, weather conditions, and humidity compared to previous issues.

Tripoli

Tripoli, the capital of Libya, is a historic city located on the Mediterranean coast, dating back to ancient Phoenician times when it was known as “Oea.” The city has been ruled by many civilizations, such as the Romans, Byzantines, Arabs, and Ottomans, making it rich in cultural landmarks like the old city and the Red Castle.

Central Bank of Libya

The Central Bank of Libya is the central bank of the State of Libya, established in 1956 after the country’s independence, with its main headquarters in Tripoli. It plays a pivotal role in managing monetary policy and issuing the Libyan currency (the dinar), in addition to overseeing the banking sector. The bank experienced a split during the period from 2014 to 2021 due to political conflict, with two competing branches in the east and west, before being unified as part of national reconciliation.