5 Piastres

The Libyan Currency Commission was a transitional body, not a central bank — it existed solely to provide Libya with a functioning currency in time for independence on 24 December 1951. Britain and France administered different parts of the country under UN mandate, and the Commission was the compromise mechanism that allowed a unified currency to be issued across all three territories: Tripolitania, Cyrenaica, and the Fezzan. Thomas De La Rue handled the full series, as they did for a substantial portion of British-administered territories coming into independence during this period.

The Commission was dissolved once the National Bank of Libya was established in 1956, at which point this series was superseded.