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Already worn down by years of political turmoil and economic hardships, Libyans are now facing a sharp deterioration in their purchasing power after a sudden devaluation of the Libyan dinar.

Moammar Gadhafi was on the run, but an acute shortage of Libyan dinar – the national currency – threatened to stop the revolution in its tracks. “I was willing to do anything to get the ...

A recent ranking has shown the African countries with the strongest currencies in May 2025, as the Nigerian currency, the ...

Unofficial Libyan banknotes have been exchanged for real dollars and contributed to the dinar’s devaluing, three sources familiar with the matter told Reuters, adding that some notes were ...

Who's the highest bidder? 800 Dinar! 1,000 Dinar! 1,100 Dinar! In the end, the winning bid is 1,200 Libyan Dinar — the equivalent of $800 (€680). A done deal; however, this isn't just any ...

Libya's dinar has plunged to record lows, driven by a sharp decline in oil revenues and escalating political unrest. The Central Bank of Libya (CBL) devalued the currency by 13.3% on April 6 ...

Libya’s central bank devalued the dinar by 13% as the divided OPEC member grapples with a decline in crude revenue that a plunge in global oil prices stands to worsen. The Libyan currency will ...

The Central Bank of Libya (CBL) has issued an official directive to Jumhouria Bank, instructing it to refund over 18 million ...

The Libyan central bank earlier this month devalued the dinar by 13.3 percent, the second such move in five years. The exchange rate went up to 5.56 dinars to the US dollar from 4.48 -- while on ...

The Libyan banking source and the eastern government source both said an illicit dinar-printing operation was taking place in eastern Libya. Dinars are converted to hard currency either through ...