Information about Libya.
|ISO code/s||LY / LBY|
Libya (officially the State of Libya), is a country in the Maghreb region of North Africa bordered by the Mediterranean Sea to the north, Egypt to the east, Sudan to the southeast, Chad and Niger to the south, and Algeria and Tunisia to the west. The three traditional parts of the country are Tripolitania, Fezzan and Cyrenaica. With an area of almost 1.8 million square kilometres, Libya is the fourth largest country in Africa, and is the 17th largest country in the world. Libya has the 10th-largest proven oil reserves of any country in the world.
The largest city and capital, Tripoli, is located in western Libya and contains over one million of Libya's six million people. The other large city is Benghazi, which is located in eastern Libya.
|The Guardian||Battle of the banknotes as rival currencies are set to be issued in Libya|
|May 20, 2016|
The risk of economic chaos caused by billions of dollars worth of rival banknotes starting to circulate in Libya may fatally undermine the new unity government in Tripoli, senior European diplomats fear. A political battle between the UN-recognised Tripoli government led by Fayez Sarraj and the Tobruk-based parliament loyal to General Khalifa Haftar in the east has led to parallel splits in the country’s financial institutions, with two central banks threatening to circulate rival Libyan dinar banknotes in the country.