Libyans have until March 15 to hand their 50-dinar notes bearing the picture of former brutal dictator Gaddafi, to banks around the country, which in turn will be forwarded to the Central Bank to be exchanged for new ones.
The bank's governor Al-Seddiq Omar al-Kabir told reporters that Libyans have until March 15 to hand the notes in to banks, and the bills will in turn be forwarded to the Central Bank.
Al-Kabir said the Central Bank is attempting "to erase the bad traces of the dead tyrant's rule" by removing the note from the monetary system.
It will also gradually withdraw the 20-dinar and one-dinar notes. On the 20-dinar bill, Gaddafi is shown standing with several heads of state, including Tunisia's ousted president Zine El Abidine Ben Ali. The one-dinar note has a picture of a smiling dictator Gaddafi wearing a headscarf and with one hand on his left cheek.
(Source: Tripoli Post)