[2] Ali Mohammed Salem, deputy governor of Central Bank of Libya, stated the exchange rate of Libyan dinar would be pegged to special drawing rights for one to three years, according to an interview to Reuters on 27 December 2011.

[5] Persons making the exchange, however, were informed that only LD 1,000 worth of new notes would be allowed per customer, a move that "effectively wiped out the savings of the middle-class as well as the hoarded cash of the black marketeers" and that "brought a windfall of £1.5 billion to the cash-starved Treasury".

After a public uproar, Leader Muammar Gaddafi announced on June 11 that although the seized money would not be confiscated or invested without full consultation with the 167 local "People's Congresses" in Libya.

After the overthrow of Gaddafi's government in the First Libyan Civil War of 2011, Central Bank Governor Gasem Azzoz said that notes with the ousted strongman's face on them were still in circulation and would be used by the National Transitional Council to pay the salaries of public servants and government employees.

The bank is holding a contest for redesigned banknotes that will likely eventually replace the Gaddafi-emblazoned notes.

[10] The Central Bank of Libya has issued a revised LD 10 banknote with revised features, one example is the removal of the reference of the Gaddafi era "Jamahiriya" from upper right back, plus the use of English on the notes for the first time in two decades.

Two versions of the revised LD 10 banknote were issued, one with the central bank's name rendered with initial-capitals, which were printed by De La Rue of the UK and the other with the central bank's name in all capital letters were printed by Oberthur Technologies of France.

The De La Rue version is identical to its previous issue, but the only notable difference is the serial number prefix, identified as "7A".

The Oberthur Technologies issue has a different holographic patch, the addition of the crescent and star symbol on the top left corner of the note, the serial number prefix as "1" and the date 17.02.2011 (February 17, 2011, the date of the 2011 Libyan revolution and civil war) added below.

The English text has replaced the Arabic text on the back, the removal of the Gaddafi era "Jamahiriya" from the front and upper right back of the note, and the Gaddafi era falcon crest has been removed from the monument to the Battle of Al-Hani.

The predominantly orange-colored note features a school in Ghadames on the front and the Al-Ateeq mosque and the oasis of Oujla on the back.

The green-colored note features the Italian lighthouse in Benghazi on the front and the Rock formation in the Tadrart Acacus mountains on the back.

They were issued in response to a shortage of cash in the eastern half of the country, reflecting the disunity of Libya that has two rival governments in the east and west.