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Encyclopedia > Libyan dinar
Libyan dinar
دينار ليبي (Arabic)
1 dinar banknote of revised series 4, featuring Muammar al-Gaddafi
1 dinar banknote of revised series 4, featuring Muammar al-Gaddafi
ISO 4217 Code LYD
User(s) Libya
Inflation rate -1%
Source The World Factbook, 2005 est.
Subunit
1/1000 dirham
Symbol LD and ل.د
Coins 1, 5, 10, 20, 50, 100 dirhams ¼, ½, dinars
Banknotes ¼, ½, 1, 5, 10, 20 dinars
Central bank Central Bank of Libya
Website www.cbl-ly.com

The Libyan dinar is the legal currency of Libya. Its ISO 4217 code is "LYD". One Libyan dinar equals 1000 Libyan dirhams. One Libyan Dinar banknote from 1988 File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Muammar al-Gaddafi visits Brussels in 2004 (photo courtesy of the EC). ... World inflation rate, based on CIA factbook figures In economics, inflation is a fall in the market value or purchasing power of money. ... Dirham is a unit of currency in several Arabic-speaking nations, including: Islamic Dirham The Moroccan dirham The United Arab Emirates dirham 1/1000 of the Libyan dinar 1/100 of the Qatari riyal 1/10 of the Jordanian dinar The dirham, spelt diram, is 1/100 of the Tajikistani... The Central Bank of Libya(CBL) is 100% state ownership and represents the monetary authority in The Great Socialist People’s Libyan Arab Jamahiriya and enjoys the status of autonomous corporate body. ... ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ... Dirham is a unit of currency in several Arabic-speaking nations, including: Islamic Dirham The Moroccan dirham The United Arab Emirates dirham 1/1000 of the Libyan dinar 1/100 of the Qatari riyal 1/10 of the Jordanian dinar The dirham, spelt diram, is 1/100 of the Tajikistani...

Contents


History

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. Imperial motto (Ottoman Turkish) دولت ابد مدت Devlet-i Ebed-müddet (The Eternal State) The Ottoman Empire at the height of its power (1683) Official language Ottoman Turkish Capital Söğüt (1299-1326), Bursa (1326-1365), Edirne (1365-1453), Constantinople (1453-1922) Imperial anthem Ottoman imperial anthem Sovereigns Padishah of the Osmanl... Qirsh, Gersh and Kuruş are all names for currency denominations in and around the territories formerly part of the Ottoman Empire. ... The lira (plural lire) was the currency of Italy between 1861 and 2002. ... Mandate can mean: An obligation handed down by an inter-governmental body; see mandate (international law) The power granted by an electorate; see mandate (politics) A League of Nations mandate To some Christians, an order from God; see mandate (theology) The decision of an appeals court; see mandate (law) The...


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 pound (Arabic junieh) was the currency of Libya between 1951 and 1971. ...


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. The Central Bank of Libya(CBL) is 100% state ownership and represents the monetary authority in The Great Socialist People’s Libyan Arab Jamahiriya and enjoys the status of autonomous corporate body. ... The Libyan Arab Foreign Bank (LAFB) was establisehd in 1972 in Tripoli - Libya as the first offshore bank Licensed to operate internationally. ...


Coins

For a few decades, there have been 2 series of coins, one in 1975, another in 1979. The main difference is that a horseman replaced the coat of arms of the Federation of Arab Republics (the coat of arms is not to be confused with the current coat of arms of Libya, and the federation is not to be confused with the United Arab Republic.). Both series consist of 1, 5, 10, 20, 50, 100 dirhams The Federation of Arab Republics (1972-1977) were a brief union of Libya, Egypt, and Syria. ... The Libyan Coat Of Arms, although not exactly the same, remains similar to the one used whilst the country was part of the Federation of Arab Republics. ... This article or section does not cite its references or sources. ...


¼, and ½, dinar coins were issued recently [1].


Banknotes

Banknote Series of Libyan dinar
Series Denominations Color Issued Date Note
1 ¼, ½, 1, 5, and 10 dinars One for each value 1971 – 1972
2 Green for all denominations 1980 – 1981
3 Green as the dominant color for all denomination. Each had its own minor color. 1984
4 Multicolor on ¼, ½, and 5 dinars, one predominant color on 1 and 10 dinars. 1988 –ca. 1990
4, revised Slight change ca. 1991 – 1993 English text on ¼, ½, and 5 dinars was removed
5 ¼, ½, 1, 5, 10, and 20 dinars Multicolor for all denominations 2002
6 1, 5, 10 dinars One for each value (somewhat reverted to series 4 color for 1 and 10 dinars) 2004 Easily visible foil or hologram on upper left on obverse as the new anti-counterfeit device

The subject depicted on the banknotes have not changed much since series 2. Portrait of Muammar al-Gaddafi became the new obverse design of the 1 dinar note of series 4. Muammar al-Gaddafi visits Brussels in 2004 (photo courtesy of the EC). ...

Current LYD exchange rates

As of 9 July 1972, the rate was
1 LYD = 3.4 USD
edit this exchange rate July 9 is the 190th day of the year (191st in leap years) in the Gregorian Calendar, with 175 days remaining. ... 1972 (MCMLXXII) was a leap year starting on Saturday. ... This article is about general United States currency. ...

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References

  1. ^ Central Bank Of Libya (2004). New Currency. Retrieved on 2006-08-08.


2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... August 8 is the 220th day of the year in the Gregorian Calendar (221st in leap years), with 145 days remaining. ...

Dinars
Current Algerian dinar | Bahraini dinar | Islamic gold dinar | Iraqi dinar | Jordanian dinar | Kuwaiti dinar | Libyan dinar | Macedonian denar | Tunisian dinar | Serbian dinar | Sudanese dinar
Defunct Abu Dhabi dinar | Bosnia and Herzegovina dinar | Croatian dinar | Krajina dinar | Republika Srpska dinar | South Arabian dinar | South Yemeni dinar | Yugoslav dinar
As subunit Iranian rial
See also E-dinar | Dinaric
This box: viewtalkedit


A 25,000 Iraqi dinar note printed after the fall of Saddam Hussein A hyperinflation banknote of 50 billion dinara (1993) A 5,000 dinar bill of the Republic of Serbian Krajina (1992) The dinar is the currency unit of various countries, most of them Arabic-speaking or once part... The dinar is the currency of Algeria. ... The Bahraini Dinar is the official currency of Bahrain. ... Islamic dinar and dirham The Islamic gold dinar (sometimes referred as Islamic dinar or Gold dinar) is a bullion gold coin made from 4. ... A new twenty-five thousand dinar note The Iraqi dinar (ISO 4217: IQD, pronounced: di-när) is the legal currency of Iraq. ... The Jordanian dinar (ISO 4217 code JOD) is the official currency of the Hashemite Kingdom of Jordan and the first official one in the State of Palestine. ... The Kuwaiti Dinar (ISO 4217 code KWD) is Kuwaits official currency. ... The Macedonian denar (MKD), split into 100 deni, is the official currency of the Republic of Macedonia. ... The dinar (ISO 4217 currency code TND) is the currency of Tunisia. ... The dinar is the official currency of Serbia, one of the two republics that comprise Serbia and Montenegro. ... // The Dinar The dinar is the currency of Sudan. ... The dinar was the independent currency of Bosnia and Herzegovina between 1992 and 1998. ... Obverse and reverse of 10 Croatian dinars Croatian dinar was official currency in Croatia from December 23, 1991 (replacing the Yugoslav dinar) to May 30, 1994 (replaced by the kuna). ... Krajina Dinar, 5 million dinar note The dinar was the currency in Republic of Serbian Krajina between 1992 amd 1994. ... The dinar was the currency of the Republika Srpska between 1992 and 1998. ... The dinar was the currency of South Yemen between 1965 and 1991. ... Obverse of 10 Yugoslav Dinars issued by the National Bank of Yugoslavia during 1960s Reverse of 10 Yugoslav Dinars issued by the National Bank of Yugoslavia during 1960s Yugoslav dinar was the official valute in former Yugoslavia. ... 20,000 Iranian rials The rial (ریال in Persian; ISO 4217 code IRR) is the official currency of Iran. ... e-dinar is a digital gold currency founded in 2000 by Zeno Dahinden, of Switzerland, Dato Abdul Rahman Shariff, of Malaysia, and Fernando Vadillo, of Spain. ... The term Dinaric comes from the name of a mountain called Dinara, on the border of Croatia and Bosnia and Herzegovina. ...

Currencies of Africa
North Algerian dinar | Euro (Plaza de soberanía) | Egyptian pound | Libyan dinar | Mauritanian ouguiya | Moroccan dirham | Sudanese dinar | Sudanese pound | Tunisian dinar
Central Angolan kwanza | Burundian franc | Central African CFA franc (Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon) | Congolese franc | Rwandan franc
West Cape Verdean escudo | Euro (Azores, Canary Islands, Madeira) | Gambian dalasi | Ghanaian cedi | Guinean franc | Liberian dollar | Nigerian naira | São Tomé and Príncipe dobra | Sierra Leonean leone | West African CFA franc (Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo)
East Comorian franc | Djiboutian franc | Eritrean nakfa | Ethiopian birr | Kenyan shilling | Seychelles rupee | Somali shilling | Somaliland shilling | Tanzanian shilling | Ugandan shilling
South Botswana pula | Euro (Mayotte, Réunion) | Lesotho loti | Malawian kwacha | Malagasy ariary | Mauritian rupee | Mozambican metical | Namibian dollar | Norwegian krone (Bouvet Island de jure) | Saint Helena pound | South African rand | Swazi lilangeni | Zambian kwacha | Zimbabwean dollar
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  Results from FactBites:
 
NationMaster - Encyclopedia: Libyan Dinar (2363 words)
Dirham is a unit of currency in several Arabic-speaking nations, including: Islamic Dirham The Moroccan dirham The United Arab Emirates dirham 1/1000 of the Libyan dinar 1/100 of the Qatari riyal 1/10 of the Jordanian dinar The dirham, spelt diram, is 1/100 of the Tajikistani...
Obverse and reverse of 10 Croatian dinars Croatian dinar was official currency in Croatia from December 23, 1991 (replacing the Yugoslav dinar) to May 30, 1994 (replaced by the kuna).
The dinar was the currency of the Republika Srpska between 1992 and 1998.
  More results at FactBites »

 
 

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