Libyan Dinar

Libyan Dinar

The dinar (Arabic: دينار‎ dīnār) is the currency of Libya. Its ISO 4217 code is "LYD". The dinar is subdivided into 1000 dirham (درهم). It was introduced in September 1971 and replaced the pound at par. It is issued by 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. Ali Mohammed Salem, deputy governor of Central Bank of Libya stated the exchange rate of Libyan dinar would be pegged to special drawing rights for one to three years, according to an interview to Reuters on 27 December 2011.

Australian Dollar

Australian Dollar

The Australian dollar (sign: $; code: AUD) is the currency of the Commonwealth of Australia, including its external territories Christmas Island, Cocos (Keeling) Islands, and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru, Tonga, Tuvalu, and Vanuatu. The Australian dollar was legal tender of Papua New Guinea until 1 January 1976, when the Papua New Guinean kina became the sole legal tender. Within Australia, it is almost always abbreviated with the dollar sign ($), with A$ or AU$ sometimes used to distinguish it from other dollar-denominated currencies. It is subdivided into 100 cents. In 2016, the Australian dollar was the fifth most traded currency in the world, accounting for 6.9% of the world's daily share (down from 8.6% in 2013). It trades in the world foreign exchange markets behind the US dollar, the euro, the yen and the pound sterling. The Australian dollar is popular with currency traders, because of the comparatively high interest rates in Australia, the relative freedom of the foreign exchange market from government intervention, the general stability of Australia's economy and political system, and the prevailing view that the Australian dollar offers diversification benefits in a portfolio containing the major world currencies, especially because of its greater exposure to Asian economies and the commodities cycle. The currency is commonly referred to by foreign-exchange traders as the "Aussie dollar".

1 Libyan Dinar to Australian Dollar exchange rates chart

1 LYD to AUD exchange rates graph
1 LYD to AUD Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

1 LYD to AUD exchange rates table

Exchange LYD to AUD
1 Libyan Dinar = 1.004 Australian Dollar
2 Libyan Dinar = 2.009 Australian Dollar
5 Libyan Dinar = 5.022 Australian Dollar
10 Libyan Dinar = 10.043 Australian Dollar
Exchange Libyan Dinar to Australian Dollar
1 Libyan Dinar to Australian Dollar Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

1 LYD to AUD exchange rates news

Libya’s ‘green gold’ olive industry hit by export ban

TARHUNA, Libya: Stretching as far as the eye can see, groves of gnarled olive trees in northwest Libya have proudly withstood the country’s devastating conflicts. But the industry of extracting olive oil, often dubbed “green gold,” is now under threat after Libyan authorities halted exports in a bid to “protect” local produce. Libya has depended heavily on exports of its ample

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News Recap - Wed, Sep 19, 2018 | The Libya Observer

Here is a recap of Wednesday’s news headlines from The Libya Observer     Exchange Rates http://lyo.ly/5ac   At least one dead and 5 wounded in Tuesday clashes in Tripoli, First Aid and Emergency Service confirmed http://lyo.ly/aq0

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Libya Central Bank says keen on doing comprehensive reform | The Libya Observer

The Central Bank of Libya (CBL) said it will keep providing letters of credit to businesspersons in order to cover the Libyan market needs of foods and other commodities as per budget laws of 2017. In a statement on Monday, the Tripoli-based CBL said it had started off a comprehensive economic project that would boost the Libyan economy in coordination with the Presidential

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News Analysis: Libya's economic reform difficult to rescue financial resources - Xinhua | English.news.cn

Libya's UN-backed government began an economic reform program following a U.S. sponsored international conference in Tunisia last week, participated by ambassadors from European countries.

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Dollar gains, but outlook suggests weak trend

The dollar rose against the euro on Friday, boosted by technical factors after the single currency hit key resistance levels, even as the greenback's outlook remained bleak amid cautious signals from the Federal Reserve about further rate hikes.

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Key indicators from the Australian economy in 2018

There is little doubt that 2018 was a year of ups and downs in many sectors as worldwide volatility attempted to undermine what could otherwise have been a year of gains in certain areas.

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Vital Signs: 35 extraordinary years. What the float of Australian dollar bought us

Floating the dollar 35 years ago was a leap into the unknown. Here's how it has served us well.

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1 LYD to AUD currency converter