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Libya Currency:
The
Libyan Dinar (LYD) is the title of the Libyan currency. The currency
was introduced in 1971 to replace the Libyan Pound which had
been in use since independence in 1951. The currency was in
2005 on
average exchanging at a rate of 1.3084 per US$.
One dinar is
equivalent to 1000 dirhams. Coins commonly in use are 1,
5, 10, 20 , 50 ,100
dirhams and ¼ and ½ dinars. Banknotes in use are
for ¼, ½, 1, 5, 10 and 20 dinars.
The currency is readily exchanged against major currencies by
a number of banks and foreign exchange bureaus in Tripoli, Benghazi
and other major towns.
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