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Country Profile - Libya

COUNTRY OVERVIEW

Libya is located in Northern Africa on the Mediterranean coast, Tunisia, Egypt, Sudan, Chad, Niger and Algeria. The current population stands at 6.65 million people, with 12% of these believed to be immigrants, making it the 106th most populated country in the world. Over 90% of the population live along the Mediterranean Coast between Tripoli and Al Bayda, as the Sahara and lack of fresh water make the interior largely uninhabitable.

Libya

General Information:

Capital: Tripoli 

Language: Arabic (official), Italian, English (all widely understood in the major cities); Berber (Nafusi, Ghadamis, Suknah, Awjilah, Tamasheq)

Religion: Muslim (official; virtually all Sunni) 96.6%, Christian 2.7%, Buddhist 0.3%,

note: non-Sunni Muslims include native Ibadhi Muslims (<1% of the population) and foreign Muslims

Currency: The Libyan Dinar is the currency of Libya.

Cryptocurrency: The Central Bank of Libya announced that virtual currencies are illegal and that no legal protection will be afforded to anyone using or trading them.

The Central Bank of Libya advised that anyone planning on using virtual currencies must “obtain a license and a prior authorisation to carry out activities, provide banking and/or financial services.”

GMT: (+) 2

Libya continues to be viewed as a very high-risk country in relation to commercial activities and travel predominantly owing to the ongoing civil war, vast number of armed militias and the presence of terrorist groups such as Daesh and al-Qaeda in the Islamic Maghreb affiliated groups. There is a high risk of terrorism and kidnap, by criminals, militias and extremist groups, across Libya.

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