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Libyan dinar

The dinar (Arabic: ?????????? (Arabic pronunciation: [di????n????r]); sign: LD in Latin, ??.?? in Arabic; code: LYD) is the official currency of Libya. The dinar is divided into 1,000 dirhams (????????). It is issued by the Central Bank of Libya, which also supervises the banking system and regulates credit. History It was introduced in September 1971 and replaced the pound at par. The currency was pegged to the special drawing rights at a rate of 2.80 SDRs per dinar. In 1972, the Libyan Arab Foreign Bank was established to deal with overseas investment. In February 1973, the dinar was pegged to the US dollar at a rate of 0.29679 dinar per dollar (LD 1 = US$3.37), which was maintained until 1986. The peg was switched to the special drawing rights on 18 March 1986...

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wikidata.org 0 views · 2024-12-26 18:54:03

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