• 10.12.1911
• Italian royal decree [No. 1367] on the authorization for Italian currency banks (Bank of Italy; Bank of Naples, Bank of Sicily) to operate in Tripolitania and Cyrenaica (therefore to introduce Italian banknotes and coins); effective immediately
  - Converted into law [No. 111] on 23.05.1912.
• 31.12.1911
• Italian royal decree [No. 1388] on the demonetization of the Turkish currency in Tripolitania and Cyrenaica ; effective 31.07.1913 (originally 29.02.1912, extended twice).
  - Exchange rates: 100 Turkish Piastres (gold) = 22.78 Italian Lire; 20 Turkish Piastres (silver) = 4.3282 Italian Lire.
  - Converted into law [No. 546] on 23.05.1912.
• 23.05.1912
• Italian law [No. 111] on the authorization for the Bank of Italy to operate in Tripolitania and Cirenaika (therefore to introduce Italian banknotes and coins), converting the royal decree [No. 1367] of 11.12.1911; effective immediately

• 1943-1951
• Allied powers' occupation currencies:
  - ??.02.1943: British military ordinance [Proclamation No. 7] on the exchange rate between the "British Military Authority (BMA)" notes and the Italian currency at 1 British Pound = 480 Italian Lire (1 Egyptian Pound = 492 Italian Lire)
  - 16.09.1943: British military ordinance [Proclamation No. 46] on the issuance of "Military Authority Lira (MAL)" notes at par with the Italian Lira (note: the "BMA" notes were used in mainland italy at a higher rate of 1 "BMA" Pound = 400 Italian Lire)
  - 30.10.1943: British military ordinance [Proclamation No. 50] extends the exchange period for Italian and "BMA" currency to 30.11.1943 (was 31.10.1943)
  - ??.??.1943: Introduction of Algerian currency in Fezzan at par (?) with the Italian Lira (overprints exist which may be later fabrications).

Timeline

• 24.10.1951
• AH:23.01.1371
• Law [Currency, No. 4] on the establishment of the Currency Commission and the creation of the new currency; effective upon constitution of the commission on 12.02.1952
• 24.03.1952
• Start of currency exchange:
  - 24.03.1952: Start of issuance of the new banknotes and coins
  - 12.04.1952: End of exchange period in Fezzan-Gadames and demonetization of the French Algerian currency
  - 12.04.1952: End of exchange period in Cyrenaica and demonetization of the Egyptian currency
  - 24.06.1952: End of exchange period in Tripolitania and demonetization of the "Military Autority Lira" currency.
• 26.04.1955
• AH:04.09.1374
• Law [National Bank of Libya, No. 30] on the establishment of the National Bank as state owned commercial and central bank; effective upon constitution of the bank on 01.04.1956
  - 15.04.1963: Name change into "Bank of Libya".

Valuation Regimes

• 1952-1967
• Fixed rate against British Pound
• 1967-1971
• Fixed rate against US Dollar

Timeline

• 26.08.1971
• AH:04.07.1391
• Law [Central Bank of Libya, No. 153] on the establishment of a pure central bank; effective upon constitution of the bank on 01.09.1971
• 26.08.1971
• AH:04.07.1391
• Law [Currency, No. 61] on the name change of the currency; effective 01.09.1971
• 01.09.1971
• Start of currency exchange:
  - 01.09.1971: Start of issuance of the new banknotes and coins
  - ??.??.1971: Demonetization of the former currency (possibly, no formal demonetization was done)
• 15.05.1980
• Banknote exchange: Notes of 10, 5 Dinars were declared invalid and had to be deposited on a blocked account where maximally 500 Dinars per month could be withdrawn
• 2015-2023
• Split of the Central Bank of Libya into the Tripoli main agency and the Beyda branch:
  - 04.06.2015: De facto secession of the Beyda branch which starts acting as central bank for East Libya
  - 01.07.2016: Start of issuance of distinct banknotes of 50, 20 Libyan Dinars by the Beyda branch
  - 20.10.2017: Start of issuance of a distinct coin of 1 Dinar; was declared invalid by the Central Bank of Libya (Tripoli) on 08.11.2017.
  - 01.09.2023: Formal reunification of the Central Bank of Libya and re-integration of the Beyda branch.

Valuation Regimes

• 1971-1986
• Fixed rate against US Dollar
• 1986-
• Fixed rate against IMF Special Drawing Rights (SDR) unit