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What is the currency of Libya? Information about Libyan Dinar

by Financial Economy
What-is-the-currency-of-Libya-Information-about-Libyan-Dinar

As of 2008, Libya was one of the shining countries of Africa with a per capita income of 14 thousand dollars. This figure first fell below $ 10,000 with the unrest in the country, and fell to $ 5,000 after the Libyan civil war broke out. One of the rare things that has not changed in the past years in the Libyan economy, which has recently recovered, has been the value of Libyan currency Libyan Dinar. Libyan Dinar has been one of the least eroded assets for Libya in this process. Information about Libya currency is in rest of the article. You can browse here for information about the French Franc.

What is the currency of Libya? Information about Libyan Dinar

Libya remained under Ottoman rule until 1911. Until 1911, Ottoman currency and gold were used as means of shopping in Libya. Italians invading Libya in 1911 made Libya a colony. During the Italian occupation that continued in Libya until World War II, the Italian lira and gold were used as a means of shopping in Libya. When Libya became a British and French colony between 1945 and 1951, there was a period in which Sterling, Frank, Liret and gold were used in Libya. Libya, which gained its freedom in 1951, started to use Libyan Lira as its official currency. Libyan Lira is the first national currency of Libya and Libyan Lira was used between 1951 and 1971 for 20 years. The Libyan currency was changed in 1971 and the Libyan Dinar, which is still in circulation today, was introduced to the market.

What are Libyan Dinar banknotes and coins?

Libyan Dinar banknotes in circulation are as follows.

  • 1 Libyan Dinar
  • 5 Libyan Dinar
  • 10 Libyan Dinar
  • 20 Libyan Dinar
  • 50 Libyan Dinar

Libyan Dinar subunit is Dirham. 1 Libyan Dinar consists of 1000 Dirhams. Libyan Dinar coins in circulation are as follows.

  • 1 Dirham
  • 5 Dirham
  • 10 Dirham
  • 20 Dirham
  • 50 Dirham
  • 100 Dirham
  • 250 Dirham
  • 500 Dirham

For detais: https://en.wikipedia.org/wiki/Libyan_dinar

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