The exchange rate of the US dollar against the Libyan dinar in the parallel market recorded a continuous rise during Thursday’s mid-session trading, reaching 9.63 dinars, compared to 9.66 dinars at the close of the previous day.
The euro also recorded a continuous rise at 11.30 dinars compared to 11.31 dinars yesterday, while the British pound saw a slight decline to 12.55 dinars after being 12.60 dinars at the previous close.
The Turkish lira rose to 0.220 dinars, while the Tunisian dinar increased to 3.03 Libyan dinars. Meanwhile, the price of 18-karat gold bullion decreased to 1,150 dinars per gram compared to 1,160 dinars at the close of the previous day.
In the official market, the exchange rate of the US dollar rose to 6.31 dinars according to the new exchange rate bulletin issued by the Central Bank of Libya for Thursday, while the euro declined to 7.48 dinars, and the British pound declined to 8.58 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 Spanish milled dollars and became the world’s primary reserve currency following 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. It was established following the 1969 revolution that brought Muammar Gaddafi to power, marking a shift in the country’s economic identity.
euro
The Euro is the official currency of the European Union, used by 20 of its member states which form the Eurozone. It was introduced in non-cash form in 1999 and as physical banknotes and coins in 2002, aiming to foster economic integration and stability across Europe.
British pound
The British pound sterling is the official currency of the United Kingdom and is the world’s oldest currency still in use, with origins tracing back over 1,200 years. Its name derives from the historical value of a pound weight of sterling silver, and it has been a central feature of British economic and political history.
Turkish lira
The Turkish lira is the official currency of Turkey and the Turkish Republic of Northern Cyprus. It was introduced in 1844, replacing the Ottoman lira, and has undergone several revaluations, most notably in 2005 when the “new Turkish lira” removed six zeros from the old currency.
Tunisian dinar
The Tunisian dinar is the official currency of Tunisia, introduced in 1960 to replace the Tunisian franc. Its establishment was a key part of the country’s post-independence economic policy, symbolizing national sovereignty after gaining independence from France in 1956.
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 periods where rival governments have claimed control over separate branches of the institution.
