CBL denies withdrawing banknotes from circulation

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CBL denies withdrawing banknotes from circulation

February 11, 2018 - 14:37
Written by: SafaAlharathy

The Central Bank of Libya (CBL) denied Saturday issuing a decision to withdraw any bank notes, after rumors spread through some media in this regard.

The Libyan News Agency in Tripoli quoted a media source from the CBL as saying that the statement circulated on the social networking pages is false.

Earlier, an alleged statement by the CBL stormed the internet claiming that the 6th issue of the 5 and 10 dinar banknotes would be withdrawn from circulation within 2 months.

Observers indicated that the rumors were likely to be spread by some black market speculators in order to undermine confidence in the Libyan dinar for temporary gains.