New banknotes arrive in Tripoli from the UK

The Central Bank of Libya (CBL) said it had received new banknotes of the Libyan dinar printed in the UK on Thursday morning at Mitiga Airport, Tripoli.

The CBL added that money cargo is worth over 20 million dinars and will be sent to all the commercial banks in Libya according to the laws of the Libyan Banking System.

The CBL added that the cargo will be followed by others in the coming period of time in a bid to alleviate the cash crisis in the country and the tension among the citizens, who have been burdened with contentious cash shortages at the banks since last February.

The CBL announced on Wednesday that it would allow every Libyan family member to buy $400 at the CBL official rates (LYD1.42) starting next week and can keep the money in the father’s bank account and cash it out via visa cards or via money transfers outside Libya.

According to the CBL, the move aims at dropping the rates of foreign currencies in the lack market and allowing people to have an alternative solution if they needed to buy foreign currencies.

The views expressed in Op-Ed pieces are those of the author and do not purport to reflect the opinions or views of Libyan Express.
How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to oped@libyanexpress.com. Please include ‘Op-Ed’ in the subject line.
Azara Media Azara Media
You might also like

Submit a Correction

For: New banknotes arrive in Tripoli from the UK

Your suggestion have been successfully submitted

There was an error while trying to send your request. Please try again.

Libyan Express will use the information you provide on this form to be in touch with you and to provide updates and marketing.