Currency Rates for Libyan dinar
Bank Exchange Rates for Libya - LYD - Libyan dinar - ل.د or LD. The foreign exchange rates for Libya also known as the ISO code LYD or the Libyan dinar currency and as a symbol ل.د or LD.
Send Money Transfer to Libya. Coins currently in circulation are 50 and 100 dirhams and ¼, ½ dinar. Banknotes in circulation include 1, 5, 10, 20 and 50 dinars.
Lybia is country known for its mineral resource petroleum it gained independence in 1951.
.The use of coin can traced way back in history in 1975, lybia being an Arabic country, the coins were made in way that they could bore the court of arms of federation of Arab republic federation, these coins were made in different denominations starting from 1,2,5,10,20, and 100.
The use this coin didn't last longer until the government introduced another series of coins , they had the same value with the previous coins, but the courts of arm were replaced by the design of a horseman ,these coins were in the same denominations. the government of Libya have been up in arms to reduce the the denomination of dinar coins to 50 and 100 dinar coin.
The government restricted the use of diharm coins 1.2,5,10,20 as unit of excavate and in place brought 50 and 100 dirham coins, also they have introduced dinar coins.
The use of notes in lybia was introduced in 1971 in different denominations, in the year 2008 when Muammar Gaddafi was the president of Libya, a 50 dinar note went into circulation. It was used for three year and later in January 2011 by the death of Gadaffi, the government decided yo withdraw the 50 dinar note and print a new 10 dinar note with different features. This was the first note to use English since the printing of note money started in Lybia.
Since then there has bee a revision on the 10 dinar note and introduction of 5 dinar note has gone through .In recent past the government has released a 1 dinar note, following 2011 revolution and civil war this note has got the anti- Gaddafi protesters holding the flag of Libyan rebels and because this is the latest note to be released after the civil war ,it has a dove symbol at the back which depicts love also it has the flag of Libya.
GBP to LYD
The official currency of Libya, the dinar, is divided into 1000 dirham. Its introduction in 1971 replaced the pound at a 1:1 ratio. The government is currently taking submissions for designs to replace the image of Gaddafi on their banknotes. Bank Exchange Rates for Libya. The foreign exchange rates for Libyan dinar also known as the ISO code LYD. Send money transfer online with us with the cheapest option.