Libyan dinar

From Wikipedia, the free encyclopedia

(Redirected from LYD)
Jump to: navigation, search
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 3.1%
Source The World Factbook, 2006 est.
Subunit
1/1000 dirham
Symbol LD and ل.د
Coins
Freq. used 50, 100 dirhams ¼, ½, dinar
Rarely used 1, 5, 10, 20 dirhams
Banknotes ¼, ½, 1, 5, 10, 20 dinars
Central bank Central Bank of Libya
Website www.cbl-ly.com

The dinar (Arabic: دينار) is the currency of Libya. Its ISO 4217 code is "LYD". The dinar is subdivided into 1000 dirham (درهم). It was introduced in 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.

Contents

Until 1975, old coins denominated in milliemes (equal to the dirham) circulated. In 1975, coins were introduced in denominations of 1, 5, 10, 20, 50 and 100 dirham which bore the coat of arms of the Federation of Arab Republics. These were followed in 1979 by a second series of coins, in the same denominations, which bore a design of a horseman in place of the arms. ¼ and ½ dinar coins were issued in 2004. [1] 1, 5, 10, and 20 dirahm coins are rarely used, if ever, as units of exchange. However, they still retain their status as legal tenders.

Banknotes in denominations of ¼, ½, 1, 5 and 10 dinar were introduced in 1971. 20 dinar notes were added in 2002.

The subjects depicted on the banknotes have not changed since series 2 except for the portrait of Muammar al-Gaddafi which became the new obverse design of the 1 dinar note in series 4.

Banknote Series of Libyan dinar
Series Denominations Colours Issued Dates Note
1 ¼, ½, 1, 5 and 10 dinars Orange, purple, blue, olive and grey 1971 – 1972
2 All green 1980 – 1981
3 Green as the dominant colour, with brown, purple, blue, light green and multicoloured. 1984
4 Multicoloured 1988 –ca. 1990
4, revised Slight change ca. 1991 – 1993 English text on ¼, ½, and 5 dinars note was removed
5 ¼, ½, 1, 5, 10 and 20 dinars Multicoloured 2002
6 1, 5 and 10 dinars Blue, purple and green 2004 Easily visible foil or hologram on upper left on obverse as the new anti-counterfeit device

The Libyan dinar is commonly called jni, IPA: [ʒni] (western Libyan Dialect) or jneh [ʒneh] (eastern Libyan dialect). The official name dinar is rarely used outside official circles. The official fractional unit dirham is never used in everyday talk. Garsh - a variant of the word qirsh - is used instead, with 1 garsh = 10 dirhams. One thousand dinars is stylishly called a kilo [kiːlu]. Similarly, ten dinars notes and five dinars notes are sometimes nicknamed, in younger generations male slang, tsena [tseːna] and faifa [faːifa] respectively, which are playful feminizations of the English words ten and five. Libyan currency is nicknamed by Libyans ʿOmar El-Mokhtar after the Libyan freedom fighter who is featured on the obverse of the 10 dinar note.

Current LYD exchange rates
Use Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD
Use XE.com: AUD CAD CHF EUR GBP HKD JPY USD
Use OANDA.com: AUD CAD CHF EUR GBP HKD JPY USD

Libyan dinar
Preceded by:
Libyan pound
Reason: Revolution (in 1969)
Ratio: at par
Currency of Libya
1971
Succeeded by:
Current
Advanced Search
Included Web Search Engines


Safe Search

close

Top Matching Results

Occasionally Search.com will highlight specialized results that are based on the context of your query. Examples of specialized results include specific links to news, images, or video.

Top Matching Results may highlight information from other Search.com pages, content from the CNET Network of sites, or third party content. The listings are based purely on relevance. Search.com does not receive payment for listings in this section but our partners that provide this data may get paid for listing these products.

Sponsored Links

This section contains paid listings which have been purchased by companies that want to have their sites appear for specific search terms and related content. These listings are administered, sorted and maintained by a third party and are not endorsed by Search.com.

Search Results

Search.com sends your search query to several search engines at one time and integrates the results into one list which has been sorted by relevance using Search.com's proprietary algorithm. You can customize the list of search engines included in your metasearch from the preferences.

The search engines that are used in your metasearch may allow companies to pay to have their Web sites included within the results. To view the Paid Inclusion policy for a specific search engine, please visit their Web site. Search.com does not accept payment or share revenue with any search engine partner for listings in this section.