The exchange rate of the US Dollar against the Libyan Dinar recorded a continuous rise during mid-session trading in the parallel market today, Thursday, reaching 8.65 dinars, compared to 8.59 dinars at yesterday’s close.
The Euro also rose to 9.97 dinars compared to 9.91 dinars yesterday, and the British Pound climbed to 11.25 dinars after being 11.20 dinars at the previous close.
The Turkish Lira stabilized at 0.200 dinars, while the Tunisian Dinar remained stable at a high of 2.77 Libyan dinars. Meanwhile, the price of 18-karat gold bullion jumped significantly to 903 dinars per gram, compared to 895 dinars at yesterday’s close.
In the official market, the exchange rate for the US Dollar declined to 5.41 dinars according to the exchange rate bulletin issued by the Central Bank of Libya for Tuesday, while the Euro rose to 6.37 dinars and the British Pound increased to 7.29 dinars.
US Dollar
The US Dollar is the official currency of the United States, established by the Coinage Act of 1792. It evolved from a system based on precious metals to a fiat currency, and its global reserve status was cemented by the Bretton Woods Agreement in 1944.
Libyan Dinar
The Libyan Dinar is the official currency of Libya, introduced in 1971 to replace the Libyan pound following the establishment of the Libyan Arab Republic. Its issuance and value have been heavily influenced by the country’s political changes and oil-based economy, experiencing significant volatility, especially since the 2011 civil war.
Euro
The Euro is the official currency of the Eurozone, which consists of 20 of the 27 member states of the European Union. It was introduced in non-physical form in 1999 and as banknotes and coins in 2002, representing a major step in European economic integration following the Maastricht Treaty.
British Pound
The British Pound, officially known as the pound sterling, is the world’s oldest currency still in use, with origins tracing back to Anglo-Saxon times. It became a major global reserve currency during the height of the British Empire and remains the official currency of the United Kingdom.
Turkish Lira
The Turkish Lira is the official currency of Turkey and the Turkish Republic of Northern Cyprus, introduced in 1923 to replace the Ottoman lira following the foundation of the Republic of Turkey. It has undergone significant revaluations and redenominations, most notably in 2005 when the “new Turkish lira” removed six zeros from its predecessor due to a history of high inflation.
Tunisian Dinar
The Tunisian dinar is the official currency of Tunisia, introduced in 1960 to replace the Tunisian franc as part of the country’s post-independence economic reforms. Its issuance is controlled by the Central Bank of Tunisia, and it is subdivided into 1,000 millimes.
Central Bank of Libya
The Central Bank of Libya is the primary monetary authority of Libya, established in 1956 to issue currency and manage the country’s financial reserves. Its history has been deeply affected by political conflict, particularly since 2011, leading to a prolonged period where rival administrations in the east and west have claimed control over separate branches of the institution.
