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5 Pounds
| Issuer | Libyan Currency Commission |
|---|---|
| Year | 1951 |
| Type | Log in to see details |
| Value | 5 Pounds |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | المملكة الليبية المتحدة لجنة الأوراق النقدية الليبية خمسة جنيهات ليبية UNITED KINGDOM OF LIBYA THESE CURRENCY NOTES ARE LEGAL TENDER FOR THE PAYMENT OF ANY AMOUNT FIVE LIBYAN POUNDS ISSUED BY THE LIBYAN CURRENCY COMMISSION IN ACCORDANCE WITH LAW NO.4 OF 24TH OCTOBER, 1951, IN THE REIGN OF KING IDRIS I. |
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| Protection type | Log in to see details |
| Protection description | Watermark visible in the unprinted oval reserve area at right of the obverse. |
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| Comments |
The Libyan Currency Commission was a transitional body created specifically to manage the country's monetary affairs at independence in December 1951 — one of the few cases where a currency commission, rather than a central bank, oversaw a brand-new nation's first issue from day one. Libya had no functioning central bank until 1956, so these notes remained the country's primary fiduciary instruments for several years beyond the independence date they commemorate.
Bradbury Wilkinson handled the full series. The 5 Pounds was the highest denomination in the initial issue, reflecting the cautious approach of a commission managing a largely cash-based economy with almost no developed banking infrastructure outside Tripoli and Benghazi.