1 Dinar 1438 (2017)

Weight

9.25 g

Diameter

29 mm

Thickness

2.1 mm

Material

Brass plated steel

Shape

Round

Edge Type

Reeded with the repeated inscription ★⥛★

Technique

Milled

Front design

Silphium plant, latent image showing '1' or crescent facing right with star pointing at it

Back design

Denomination and date

Year of Minting

1438 (2017)

Ruling authority

East Libya (2016-date)

Mint location

NA

Mint mark

NA

Orientation

Medal alignment ↑↑

Inscriptions

Obverse: Central Bank of Libya 1 ☪ Reverse: مصرف ليبيا المركزي 1 دينار واحد 1438-2017

Context

Issued by the Al Bayda/Beida-based Central Bank of Libya. Minted in Russia, Russia also has been supplying new Dinar banknotes for Beida CBL since May 2016. Press Release: https://www.facebook.com/banklibya/posts/1742219036074855 The Department of Banking and Monetary Control in the Central Bank of Libya in Tripoli has declared that the new coin dinar currency issued by the parallel Central Bank in eastern Libya is not to be dealt with in any form, it stated in a publication on their official website that the currency has not been issued through the correct procedures and is considered as illegal. CBL Tripoli reiterated that it’s the only institution that has the authority to issue new currency, but in a 2023 statement CBL Tripoli has declared reunification in August, with representatives from Benghazi (near Al Bayda), after division for nearly a decade. It is not made clear in that statement what the new status of the 1 Dinar coin is. https://cbl.gov.ly/en/2023/08/20/both-the-governor-and-his-deputy-have-announced-that-the-central-bank-of-libya-has-returned-as-a-unified-sovereign-institution-and-will-continue-to-make-efforts-to-deal-with-the-effects-that-resulted/ The latent image shows a '1' or a crescent facing right with a star pointing at it, depending on the main source of light and the angle of observing the coin. Since 2011, there is such a crescent and star on the flag of Libya. Coins are issued in sealed bags: © Libya Herald

Rarity

Common

Coin type

Standard circulation

In circulation

Yes

Demonetized

No

Marketplace listings

0