The Governor of the Central Bank of Libya, Naji Mohamed Issa, has held talks with De La Rue Chief Executive Clive Vacher on the progress of printing new Libyan currency denominations, as part of ongoing efforts to strengthen cash liquidity across the country.
The meeting took place on the sidelines of the spring meetings of the International Monetary Fund and the World Bank in Washington, where both sides reviewed the timeline for delivering shipments of newly printed banknotes.
According to the Central Bank, the discussions focused on ensuring that new denominations of 5, 10, and 20 Libyan dinars are supplied in line with existing agreements. The move is aimed at maintaining a steady flow of cash in the domestic market and meeting rising demand, particularly with the approach of Eid al-Adha.
Officials stressed that close coordination with De La Rue will help guarantee smooth distribution and sufficient availability of banknotes for citizens, addressing periodic liquidity challenges that have affected the banking sector in recent years.
In a related development, the British company presented the Central Bank Governor with an award from the International Security Document Technologies Forum, after Libya’s 20-dinar banknote design was named the world’s best currency design for 2025. The award recognised the note’s advanced security features and high production quality, highlighting Libya’s progress in modernising its currency system.
Libya has faced recurring cash shortages over the past decade due to political divisions and disruptions in financial management. The introduction of newly printed banknotes forms part of broader efforts by the Central Bank to stabilise the monetary system, improve public confidence, and ensure consistent access to cash across all regions.
