By Libya Herald reporters.
Benghazi, 21 August 2017:
The Beida-based Central Bank says it has sent LD 65 million of currency to Zintan in an effort to ease the liquidity crisis in the Jebel Nafusa (Western Mountains).
The shipment of crated currency was flown in to Zintan on Sunday on an Antonov transport aircraft. Beida said that the notes would start being distributed to local banks today. It was unclear if the dinars are used notes or are part of a new shipment of “Russian dinars” printed in Moscow.
In June Beida issued LD 337 million of the Russian-printed notes to banks in the east of the country.
Libyan currency is normally produced in the UK, it is understood by security printers De La Rue. The first of the LD 4 billion of bank notes ordered from Moscow by the Beida CBL began arriving in May 2016. It is thought that at least LD 1.6 billion have so far been distributed.
The Central Bank of Libya (CBL) in Tripoli at first rejected the use of the ”Russian” dinars but later changed its mind and accepted the eastern dinars as legitimate.
