LYD (Libyan Dinar)

The currency abbreviation for the Libyan dinar (LYD), the currency for Libya. The Libyan dinar is made up of 1000 dirham and is often presented with the symbol LD. In Libya, the dinar is often called jni or jneh. The word dirham is never used in everyday language, "garsh" is used instead, which equals 10 dirhams.

In 1951, Libya gained independence and introduced its own currency, the Libyan pound. The Libyan dinar replaced the Libyan pound in 1971 at par. Prior its independence, many currencies had been used in Libya, and at one point the Italian lira, the Algerian franc and the Egyptian pound were all used across the nation.

Investment dictionary. . 2012.

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  • Libya — /lib ee euh/, n. 1. Anc. Geog. the part of N Africa W of Egypt. 2. Italian, Libia. a republic in N Africa between Tunisia and Egypt: formerly a monarchy 1951 69. 5,648,359; 679,400 sq. mi. (1,759,646 sq. km). Cap.: Tripoli. * * * Libya… …   Universalium

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  • Economy of Libya — Infobox Economy country = Libya width = 290px currency = Libyan dinar (LD) year = calendar year |organs = OPEC, Common Market for Eastern and Southern Africa |rank = NA |gdp = profit$67 billion (2005) |growth = 8.5% (2005 est.) |per capita =… …   Wikipedia

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