Danish Krone

Danish Krone

The krone (Danish pronunciation: [ˈkʁoːnə]; plural: kroner; sign: kr.; code: DKK) is the official currency of Denmark, Greenland and the Faroe Islands, introduced on 1 January 1875. Both the ISO code "DKK" and currency sign "kr." are in common use; the former precedes the value, the latter in some contexts follows it. The currency is sometimes referred to as the Danish crown in English, since krone literally means crown. Historically, krone coins have been minted in Denmark since the 17th century. One krone is subdivided into 100 øre (Danish pronunciation: [ˈøːɐ]; singular and plural), the name øre possibly deriving from Latin aureus meaning "gold coin". Altogether there are eleven denominations of the krone, with the smallest being the 50 øre coin, which is valued at one half of a krone. Formerly there were more øre coins, but those were discontinued due to inflation. The krone is pegged to the euro via the ERM II, the European Union's exchange rate mechanism. Adoption of the euro is favoured by some of the major political parties, however a 2000 referendum on joining the Eurozone was defeated with 53.2% voting to maintain the krone and 46.8% voting to join the Eurozone.

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.

4 Danish Krone to Libyan Dinar exchange rates chart

4 DKK to LYD exchange rates graph
4 DKK to LYD 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.

4 DKK to LYD exchange rates table

Exchange DKK to LYD
4 Danish Krone = 0.854 Libyan Dinar
8 Danish Krone = 1.708 Libyan Dinar
20 Danish Krone = 4.270 Libyan Dinar
40 Danish Krone = 8.539 Libyan Dinar
Exchange Danish Krone to Libyan Dinar
4 Danish Krone to Libyan Dinar 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.

4 DKK to LYD 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

18 days indicative negative
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

about 2 months indicative neutral
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

about 2 months conditional neutral
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.

about 2 months conditional neutral

4 DKK to LYD currency converter