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5 Pounds
| Issuer | National Bank of Libya |
|---|---|
| Year | 1958 |
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| Value | 5 Pounds |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | بنك ليبيا هذه الأوراق النقدية قانونية ولها سداد أي مبلغ خمسة جنيهات ليبية صادرة باسم جلالة الملك إدريس الأول بموجب القانون الصادر في ٢٦ أبريل ١٩٥٥م NATIONAL BANK OF LIBYA THESE CURRENCY NOTES ARE LEGAL TENDER FOR THE PAYMENT OF ANY AMOUNT FIVE LIBYAN POUNDS ISSUED IN THE NAME OF KING IDRIS I BY THE NATIONAL BANK OF LIBYA IN ACCORDANCE WITH THE LAW OF THE 26TH APRIL 1955 |
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| Reverse lettering | BANK OF LIBYA THESE CURRENCY NOTES ARE LEGAL TENDER FOR THE PAYMENT OF ANY AMOUNT FIVE LIBYAN POUNDS ISSUED IN THE NAME OF KING IDRIS I BY THE BANK OF LIBYA IN ACCORDANCE WITH LAW No 4 OF THE 5TH FEBRUARY 1963. |
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| Comments |
Libya's National Bank was established only in 1955, three years after independence, and this 1958 issue belongs to the first full series it produced — a moment when the institution was still building the apparatus of a functioning central bank from scratch. The kingdom under Idris I was heavily dependent on British and American financial advisors, and the choice of Bradbury Wilkinson reflected that alignment: the New Malden firm had long supplied colonial and post-colonial issues across the British sphere.
Oil had not yet transformed the economy in 1958 — the Esso discovery at Zelten came the following year. These notes circulated in a country still running largely on foreign aid and base-rental payments.