2019-09-09 Mon

Libya is a country in Maghreb region on Northern Africa. It is the 4th largest country in Africa and 16th largest in the world. Libya has the 10th-largest proven oil reserves of any country in the world. The Libyan economy depends primarily upon revenues from the oil sector.

The dinar is the currency of Libya. The dinar is subdivided into 1000 dirham. Libyan dinar was introduced in September 1971 replacing the pound at par. It is issued by the Central Bank of Libya, which also supervises the banking system and regulates credit.

In 1971, banknotes were introduced in denominations of ¼, ½, 1, 5 and 10 dinar. The denominations of 20 dinar and 50 dinar note were added later. Today we are looking at 10 Dinar banknote issued in 1972.The note specifications are as follows:

Obverse: the portrait of Omar Mukhtar (Umar Al-Mukhtar) to left.
Reverse: Three Libyan horse riders in centre with the text “Central Bank of Libya”; “Ten Dinars”.
Watermark: Coat of arms of Libya - the "Hawk of Qureish".
Signature: K. M. Sherlala.

Image Courtesy: eBay.com