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Libya launches first polymer banknote

The Central Bank of Libya has announced the launch of its 1 Dinar banknote.

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The new 1 Dinar polymer banknote featuring the window design and MASK feature

The note will be printed on De La Rue’s polymer substrate Safeguard, marking the first polymer banknote to be released by the Central Bank of Libya.

The introduction of polymer as an alternative substrate has accounted for significant reduction in counterfeit rates worldwide, according to De La Rue. This is because Safeguard allows for improved banknote security, enabling robust security features to be embedded through design.

The new banknote features a see-through window which depicts Libya’s iconic resistance leader, Omar Mukhtar (1862-1931). The design also includes engravings of the Central Bank building on the front, the Brega Oil Refinery, and the Arch of Marcus Aurelius on the reverse.

We are delighted with the 1 Dinar design and we are pleased to be one of the first countries in our region to be using polymer banknotes

Further strengthening security, the banknote features De La Rue’s MASK feature which has a ‘hide and reveal’ effect that cannot be easily replicated by scanning or printing. Another security feature is a complex UV design called Gemini, which features intricate patterns, microprint and secure inks.

Commenting on the new banknote, governor, Al-Siddiq Al-Kabeer says: “We are delighted with the 1 Dinar design and we are pleased to be one of the first countries in our region to be using polymer banknotes. We would like to thank De La Rue for their continued support with the project.”

“It has been wonderful to partner with the Central Bank of Libya on the development of their 1 Dinar banknote,” adds Ruth Euling, global sales director for De La Rue.

If you have any news, please email carys@linkpublishing.co.uk or join in with the conversation on Twitter.

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