The exchange rate of the US dollar saw a new increase against the Libyan dinar at the close of trading this Monday in the parallel market, recording varying levels in a number of cities.
In Tripoli, the price reached 8.96 dinars at the Al-Mashir currency market, while in Benghazi it was recorded at 8.94 dinars at the Venice market. In Zliten and Misrata, it stabilized at 8.95 dinars.
In the realm of financial instrument and money order trading, the dollar rose noticeably to reach 10.43 dinars compared to 10.13 dinars at the start of trading, reflecting a clear increase in demand for these financial tools.
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, which is reflected in its diverse architecture like the ancient Red Castle (Assaraya al-Hamra).
Al-Mashir currency market
The Al-Mashir currency market is a major informal foreign exchange market located in the Mansour district of Baghdad, Iraq. It emerged as a prominent financial hub following the 2003 invasion and the collapse of the formal banking system, operating outside of official state control. The market is known for setting influential street rates for the Iraqi dinar and facilitating large-scale currency trades.
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.
Venice market
The Venice Market, often associated with the historic Rialto Market, has operated for centuries as the city’s primary fresh food hub, with its origins tracing back to the 11th century. Located near the Rialto Bridge, it traditionally consists of the Erberia (fruit and vegetable stalls) and the Pescheria (fish market), offering a vibrant glimpse into Venetian daily life and culinary traditions.
Zliten
Zliten is a city in northwestern Libya known for its historical and cultural significance, particularly as the site of the Zliten Mosaic. This Roman-era mosaic, discovered in a villa, dates back to the 2nd century AD and is one of the largest and best-preserved examples of Roman art in Africa. The city itself has a long history tied to the broader region’s Roman and later Islamic periods.
Misrata
Misrata is a major port city on the Mediterranean coast of northwestern Libya, historically known as a key trading and commercial center. It gained significant prominence during the 2011 Libyan Civil War, where it endured a prolonged and destructive siege while serving as a major stronghold for anti-Gaddafi forces.
