Libya Central Bank prints 60 billion dinars to maintain cash flow, replace old notes

The Central Bank of Libya announced on Tuesday, 14 October 2025 that it has contracted to print 60 billion Libyan dinars (approximately 11.03 billion U.S. dollars) to sustain liquidity as it phases out old banknotes.

The Tripoli-based institution described the move as a precautionary measure to replace the 1, 5 and 20 dinar notes with newly printed currency. According to the bank, the new notes will be delivered in stages under an approved plan, with around 25 billion dinars already distributed to commercial banks, though the printing location was not disclosed.

Last year, the central bank signed an agreement with British banknote manufacturer De La Rue to print 30 billion dinars. The bank revealed it had recently withdrawn about 47 billion dinars from circulation to stabilize the national currency and reinforce financial stability, noting that 10 billion of that amount were unissued and of unknown origin. Libya has remained politically and economically divided since 2014, with rival administrations in the east and west each vying for control over key state institutions, including the central bank.