The exchange rate of the US dollar against the Libyan dinar recorded a slight and continuous increase in the parallel market during Thursday’s mid-session trading, reaching 9.80 dinars, compared to 9.78 dinars at the close of the previous day.
Meanwhile, the euro saw a slight decline to 11.37 dinars compared to 11.40 dinars yesterday, while the British pound remained stable at 12.90 dinars, the same price as the previous close.
The Turkish lira remained stable at 0.220 dinars, while the Tunisian dinar stabilized at 3.03 Libyan dinars. The price of 18-karat gold bullion rose to 1,170 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 6.32 dinars according to the new exchange rate bulletin issued by the Central Bank of Libya for Thursday. The euro declined to 7.46 dinars, and the British pound declined to 8.53 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 has become the world’s primary reserve currency since the Bretton Woods agreement in the mid-20th century.
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, symbolizing a move toward economic independence.
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 physical banknotes and coins in 2002, with the goal of fostering economic integration and stability across Europe.
British pound
The British pound, officially known as pound sterling, is the world’s oldest currency still in use, with origins tracing back to Anglo-Saxon times. It was historically linked to a pound weight of silver and became a major global reserve currency, with its modern decimal system introduced in 1971.
Turkish lira
The Turkish lira (₺) is the official currency of Turkey and Northern Cyprus, introduced in 1923 to replace the Ottoman lira following the foundation of the Republic of Turkey. It has undergone significant revaluations, most notably in 2005 when a new lira removed six zeros from the old currency, and it continues to be the subject of economic policy and inflation discussions.
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.
gold bullion
Gold bullion refers to refined gold in bar or ingot form, valued by its weight and purity. Historically, gold has been used as a store of value and a medium of exchange for thousands of years, with standardized bullion becoming central to national treasuries and financial systems. Today, it remains a key asset for central bank reserves and individual investors.
Central Bank of Libya
The Central Bank of Libya is the country’s primary monetary authority, established in 1956 to issue currency and manage monetary policy. It has played a critical and often divisive role during periods of conflict since 2011, with rival administrations at times claiming control over separate branches of the institution.
