An anonymous ‘‘Central Bank of Libya (CBL) official’’ briefed local Arabic-language media yesterday that the CBL had signed a new contract the previous day with a printing company worth 30 billion dinars of the “20 dinars” denomination.
This comes in addition to the previous contracts worth 60 billion dinars that are being supplied. The report said the next quantity is expected to be 70 billion dinars this year, with the possibility of adding a new “50 dinar” denomination.
This, the report said, comes after the success of the plan to develop electronic payment services, and its success in withdrawing counterfeit denominations that were causing additional pressure on the dollar exchange rate.
The CBL official also claimed that the price of the dollar in Sukuk (Islamic bonds) and remittances will be cheaper than cash ‘‘very soon’’.
He…
