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Home Libya

Fresh banknote delivery for CBL

byNigel Ash
March 31, 2017
Reading Time: 1 min read
A A
Fresh banknote delivery for CBL

LD 150 million arrives at Mitiga (Photo: CBL)

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By Libya Herald reporters.

LD 150 million arrives at Mitiga (Photo: CBL)
Banknotes to the value of LD 150 million arrive at Mitiga (Photo: CBL)

Tripoli, 30 March 2017:

In the week that saw the dinar for the first time pass through seven to the US dollar, the Central Bank of Libya took delivery of a further LD 150 million of new banknotes.

The bills, which as usual were printed in the UK, arrived by freighter at Trioli’s Mitiga airport.

Even though some of the notes will replace existing worn or damaged bills, the extra issuance still represents an increase in the money supply and therefore underpins inflation.

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Tags: banknotesCBLfeaturedLibyaMitiga
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