he Libyan currency of the 50 D continues its sharp decline against foreign currencies. The final date for its withdrawal from circulation is set for the end of April, just about two weeks away.
Deterioration of the 50 Dinar’s Value in Ben Guerdane
Travelers reported, in exclusive statements to Almanassa this Saturday, a significant drop in the value of the 50 Dinars note when attempting to exchange it for the Tunisian Dinar in Ras Jdir and Ben Guerdane areas of Tunisia, where its exchange rate reached only 15 Tunisian Dinars, or the equivalent of 30 Tunisian Dinars for every 100 Libyan dinars of the mentioned bank note. The travelers pointed out that some border exchange offices refused to exchange this denomination, while the 100 Libyan dinar of other denominations recorded an exchange rate of 45 Tunisian dinars.
The Black Market:
Domestically, the fifty Libyan Dinar note continued to deteriorate against the US dollar, where its trading settled at 7.70 Dinars per Dollar. Transactions in the parallel market in Tripoli and Benghazi resumed this Saturday.
Continued Circulation of the 50 Dinar in Some Banks:
Citizens from various Libyan regions explained, in separate conversations with the to Almanassa, that some cash withdrawal machines are still providing customers with the local currency of the 50 Dinars denomination, despite the directives issued by the Central Bank regarding the necessity of withdrawing it from circulation by the end of this month and the announcement of the printing of large quantities of other denominations.