The Central Bank of Libya has announced the release of a newly issued five-dinar banknote, which will officially enter circulation across the country beginning Thursday, March 27, 2025. The new currency will circulate alongside existing five-dinar notes already in use.
In an official notification, the Central Bank informed general managers of commercial and specialized banks, the Libyan Foreign Bank, the Director of Banking Operations, and regional branch directors in Benghazi, Sabha, and Sirte of the new issuance. The announcement comes in accordance with Article 30 of Law No. 1 of 2005, which governs banking operations in Libya and authorizes the Central Bank to issue national currency. It is also based on Board Decision No. 18 of 2024.
The newly printed note features the signature of Central Bank Governor Nagy Mohamed Issa and retains the same design specifications and security features as the previous version. By maintaining the familiar structure of the currency while updating official details, the Central Bank aims to ensure a smooth transition and avoid confusion among the public.
The new note will not replace current five-dinar bills but will be introduced gradually to function alongside them. This dual circulation approach is intended to ensure liquidity, support daily transactions, and preserve public trust in the national currency.
The Central Bank emphasized the importance of continued coordination with all financial institutions to ensure the orderly rollout of the new note, which is part of ongoing efforts to modernize Libya’s currency system while preserving monetary stability.
