Tue. Jul 9th, 2024

The Security Directorate of the Libyan city of Benghazi circulated to its departments to arrest anyone who refuses to deal with the 50-dinar denomination and take all legal measures against him.

In a letter addressed to the heads of the General Investigation, Rescue and Criminal Investigation Departments and police stations, the Directorate confirmed that the statements issued by the Government mandated by the House of Representatives confirm the validity of the circulation of this category in accordance with the legislation in force.

The Directorate pointed out that the withdrawal or issuance of any currency is preceded by a notice of a period of time of not less than 6 months.

The directorate explained that rejecting the currency in circulation is a crime punishable by law, noting that this affects the national economy and current circulation, according to the statement.

The government stressed that the currency is negotiable in banking institutions and all public bodies, stressing that the Central Bank’s concerns about the currency are unjustified.

It is noteworthy that the Central Bank of Libya recently announced that it is studying the possibility of withdrawing the 50-dinar currency from circulation, after noticing the existence of three denominations of fifty dinars in the market, the first denomination issued by the Central Bank in Tripoli, the second issued by the Central Bank in Benghazi, and the third is “unknown source” is now subject to the procedures of the Public Prosecutor’s investigation.

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