Libyan Dinar

Libyan Dinar

Libyan Dinar overview

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.

1 LYD to USD exchange rates chart

LYD to  exchange rates chart

Libyan Dinar 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   At least one dead and 5 wounded in Tuesday clashes in Tripoli, First Aid and Emergency Service confirmed

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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 |

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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Libya Joint Market Monitoring Initiative (JMMI) - 1 - 8 September 2018 - Libya

English Assessment on Libya about Food and Nutrition and Water Sanitation Hygiene; published on 08 Sep 2018 by REACH

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Libyan dinar drops to record lows on black market

Libya's dinar has slid to record lows on the parallel market, traders said on Monday, as scarcity of foreign currency drove the price of a dollar up to 8.3 dinars.

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Libyan dinar drops as low as LYD9.25 for $1 in black market | The Libya Observer

The Libyan dinar has continued to lose its value in the black market as it has registered a new low on Tuesday reaching LYD9.10 for $1. This sharp drop came two days after the one dollar soared to LYD9 on Sunday, which was a new low for the Libyan dinar after it had been steady around LY8.25 and LYD8.50 for $1 over the last period. This comes as the Libyan Central Bank

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What’s behind the surge of Libya’s bungee-jumping dinar? | Michel Cousins

The question in many Libyan minds is whether the new rate will stabilise around the 5-dinar mark or go back up.

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