Libyan dinar
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The Libyan dinar is the legal currency of Libya. Its ISO 4217 code is "LYD". One Libyan dinar equals 1000 Libyan dirhams.
When Libya was a part of the Ottoman Empire, the country used the Ottoman qirsh (XOTP), issuing some coins locally until 1844. When Italy took over the country in 1911, the Italian lira was introduced. In 1943, Libya was split into French and British mandate territories. Algerian francs were used in the French mandate, whilst lira issued by the British Military Authorities were used in the British mandate.
When Libya became independent in 1951, the Libyan pound (LYP) was introduced, at a rate of 1 pound = 480 lire = 980 francs. The LYP was divided into 100 piastres and 1000 milliemes. In 1971, the country replaced the pound, at par, with the dinar. The dirham replaced the millieme.
The bank of issue is the Central Bank of Libya, which also supervises the banking system and regulates credit. In 1972 the Libyan Arab Foreign Bank was established to deal with overseas investment.
Current exchange rates
External link
ar:دينار ليبي ca:Dinar libi de:Libyscher Dinar es:Dinar libio fr:Dinar libyen it:Dinaro libico nl:Libische dinar pl:Dinar libijski sv:Libysk dinar