Old LD 20 notes to be withdrawn

Tripoli, 22 May 2013:

The old blue LD 20 notes will no longer be accepted by commercial banks after 30 June, according . . .[restrict]to the Central Bank of Libya. They will start being withdrawn from circulation from 31 May. The notes, showing Qaddafi among a group of African leaders at the Sirte summit for the Declaration of the African Union on 9 September 1999, can still be handed into the Central Bank until 31 July. After that they cease to be legal tender.

This is the second time it has been announced that the notes would be withdrawn. In February last year, an NTC spokesman said – extremely prematurely as it happened – that the LD 20 notes were no longer valid and that everyone had until the end of the month to hand them into the banks.

This time the withdrawal is real, and is part of the changeover to the new, post-revolution notes. The new orange LD 20 dinar notes started appearing in circulation in April. [/restrict]