Go Back   Horizons Unlimited - The HUBB > Regional Forums > Sahara Travel Forum

Sahara Travel Forum Topics specific to North Africa and the Sahara down to the 17th parallel (excludes Morocco)
Contact Overland Solutions for all your custom modifications and setup for overland travel.

Desert Travels - Motorcycle Journeys in the Sahara and West Africa!

Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 6 Dec 2005
Registered Users
Veteran HUBBer
 
Join Date: Oct 2004
Location: London
Posts: 543
Libyan currency black market

Hi,

The official exchange rate for the US$ to the Libyan Dinar seems to be about US$1:LD$1.4.

Does anyone know if a black market still exists and if the rates are any better than changing officially?

cheers
Reply With Quote
  #2  
Old 6 Dec 2005
Super Moderator
Veteran HUBBer
 
Join Date: Jun 2000
Posts: 3,097
As far as I know the black market - which used to be great - collapsed years ago. Now I think it is barely worth the risk, although I have not done it for a while.

Chris S
Reply With Quote
  #3  
Old 7 Dec 2005
Registered Users
Veteran HUBBer
 
Join Date: Mar 2003
Location: Libia
Posts: 205


Welcome to the Great Arab Jamhiriyah .
No need now black market .
Bring € euro better change
Today 1€ = DL 1,66

Budrinna
__________________
Budrinna Co.
Reply With Quote
  #4  
Old 7 Dec 2005
Registered Users
Veteran HUBBer
 
Join Date: Oct 2004
Location: London
Posts: 543
thanks for the info!
Reply With Quote
  #5  
Old 10 Dec 2005
Registered Users
Veteran HUBBer
 
Join Date: Jul 2001
Location: France and UK
Posts: 157
On my last trip to Libya (November 05) the choice for exchanging money was:
1) Black market rate, in the street, near border from Tunisia, with no questions asked, no grief and no problems. Exchange rate was something around 1.4 Libyan Dinar/euro
2) Official market rate in the Libyan Customs Yard, which was probably much the same. But the transaction required
photostats of passport,
photostats of visa,
photostats of insurance certificate, carnet etc
and a load of similar paperwork.
“Where do I get a Photostat in the Customs Yard”?
‘Don’t know’, was the reply…
I was neither questioned nor searched on arrival in Libya. Perhaps it was prayer time…
I then spent 3 weeks tearing around Libya, where diesel is cheaper than bottled water, and bottled water is cheap!
I cashed 150 euros (£100) in Tunisia prior to entry, and had bunches of notes left over on my return.
Conclusion – unless you are making an investment in Libya, the black market (in Tunisia) simply serves to make a burocratic transaction easy. The exchange rate is almost the same in each country.


------------------
Kitmax - Traveller
www.kitmax.com
__________________
Kitmax
Reply With Quote
  #6  
Old 10 Dec 2005
Super Moderator
Veteran HUBBer
 
Join Date: Jun 2000
Posts: 3,097
Thanks for the news Kit; business as usual then on the Tunisian border, even if the rate is no better.
I was told this way of buying dinars was never that 'black' anyway, which is why there are no searches for the obvious at the Libyan border.
The only problem I found with buying in Tunisia is that they (used to) make it more clandestine then it needs to be and while you're being encouraged to worry about being caught, they pull the Romanian Hand Trick on you and you get short-changed.

Chris S
Reply With Quote
  #7  
Old 12 Dec 2005
Registered Users
Veteran HUBBer
 
Join Date: Mar 2003
Location: Libia
Posts: 205

Not now ! Go to any bank show the passport and give the € you will receive LD with the receipt change after filling trought compute your data . ( to keep with You for control at he exit) .
Employe may anyway do a fotcopy of the passport to stick with the internal copy.
Importing and exporting LD is prohibited.

Cheers Budrinna
__________________
Budrinna Co.
Reply With Quote
  #8  
Old 12 Dec 2005
Registered Users
Veteran HUBBer
 
Join Date: Jul 2001
Location: France and UK
Posts: 157
Hi Chris
We changed money in the main street in BEN GUERDANE, just after the roundabout. The town is about 33km from the Libyan border.
The dealer had a small shop selling everything from sardines to Libyan Dinars. He warned us against going to the shop next door – “he’s a CROOK,” he told us.
Ignoring his warning, my driving partner went to the shop next door… and received the same advice!
And an offer at the same rate too.
Long live free enterprise!
My euro notes were counted out on the bench. His Libyan Dinar notes were counted out for me to examine. I picked up his, and he picked up mine. The deal was done, nothing clandestine, and we shared a good humoured laugh between us.
The rate was, I recall, better than the 1.4 per Euro that I stated in my last post, it was around 1.65 I think.
Budrinna, I read you post with interest - next time I'll try it out. I guess my black-market system falls down when I try to change LD back into Tunisian Dinar. Under the circumstances, it wasn't necessary.
Regards


------------------
Kitmax - Traveller
http://www.kitmax.com
__________________
Kitmax
Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 Registered Users and/or Members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


 
 


HU DVD Summer Special!

Now that summer is here, get On the Road! Take 30% off the Achievable Dream - On the Road! 2-DVD set until August 31 only. Get On the Road! Learn the tips to staying healthy, happy and secure on your motorcycle adventure!

Our veteran travellers share their tips (and great stories) for staying healthy, happy and secure on your motorcycle adventure.

"A fantastic, informative and inspirational DVD."

"It's brilliant - thank you very much!"

Check it out at the HU Store! Remember to use Coupon Code 'ONTHEROAD' on your order when you checkout.


Renedian Adventures


Renedian Adventures

What others say about HU...

"I just wanted to say thanks for doing this and sharing so much with the rest of us." Dave, USA

"Your website is a mecca of valuable information and the DVD series is informative, entertaining, and inspiring! The new look of the website is very impressive, updated and catchy. Thank you so very much!" Jennifer, Canada

"...Great site. Keep up the good work." Murray and Carmen, Australia

"We just finished a 7 month 22,000+ mile scouting trip from Alaska to the bottom of Chile and I can't tell you how many times we referred to your site for help. From how to adjust your valves, to where to stay in the back country of Peru. Horizons Unlimited was a key player in our success. Motorcycle enthusiasts from around the world are in debt to your services." Alaska Riders

contest pic

10th Annual HU Travellers Photo Contest is on now! This is an opportunity for YOU to show us your best photos and win prizes!

NEW! HU 2014 Adventure Travel T-shirts! are now available in several colors! Be the first kid on your block to have them! New lower prices on synths!

HU 2014 T-shirts now in!

Check out the new Gildan Performance cotton-feel t-shirt - 100% poly, feels like soft cotton!


What turns you on to motorcycle travel?


Global Rescue, WORLDwide evacuation services for EVERYONE

Global Rescue is the premier provider of medical, security and evacuation services worldwide and is the only company that will come to you, wherever you are, and evacuate you to your home hospital of choice. Additionally, Global Rescue places no restrictions on country of citizenship - all nationalities are eligible to sign-up!


New to Horizons Unlimited?

New to motorcycle travelling? New to the HU site? Confused? Too many options? It's really very simple - just 4 easy steps!

Horizons Unlimited was founded in 1997 by Grant and Susan Johnson following their journey around the world on a BMW R80 G/S motorcycle.

Susan and Grant Johnson Read more about Grant & Susan's story

Membership - help keep us going!

Horizons Unlimited is not a big multi-national company, just two people who love motorcycle travel and have grown what started as a hobby in 1997 into a full time job (usually 8-10 hours per day and 7 days a week) and a labour of love. To keep it going and a roof over our heads, we run events (22 this year!); we sell inspirational and informative DVDs; we have a few selected advertisers; and we make a small amount from memberships.

You don't have to be a Member to come to an HU meeting, access the website, the HUBB or to receive the e-zine. What you get for your membership contribution is our sincere gratitude, good karma and knowing that you're helping to keep the motorcycle travel dream alive. Contributing Members and Gold Members do get additional features on the HUBB. Here's a list of all the Member benefits on the HUBB.


Books & DVDs

amazon

All the best travel books and videos listed and often reviewed on HU's famous Books page. Check it out and get great travel books from all over the world.


Motorcycle Express for shipping and insurance!

Motorcycle Express

MC Air Shipping, (uncrated) USA / Canada / Europe and other areas. Be sure to say "Horizons Unlimited" to get your $25 discount on Shipping!
Insurance - see: For foreigners traveling in US and Canada and for Americans and Canadians traveling in other countries, then mail it to MC Express and get your HU $15 discount!




All times are GMT +1. The time now is 03:14.