The exchange rate of the US dollar against the Libyan dinar recorded a decline during mid-session trading in the parallel market this Saturday, settling at 8.78 dinars, compared to 8.95 dinars at the close of trading on Thursday.
The euro also fell to 10.36 dinars compared to 10.60 dinars on Thursday, while the British pound saw a relative decline to 11.80 dinars after being 12.15 dinars at the previous close.
The Turkish lira recorded a drop to 0.200 dinars, while the Tunisian dinar declined to 2.81 Libyan dinars. Meanwhile, the price of 18-karat gold bullion fell to 1,015 dinars per gram, compared to 1,115 dinars at Thursday’s close.
In the official market, the exchange rate for the US dollar stabilized at 6.28 dinars according to the new exchange rate bulletin issued for Thursday, while the euro declined to 7.52 dinars, and the British pound rose to 8.69 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 1944.
Libyan dinar
The Libyan dinar is the official currency of Libya, introduced in 1971 to replace the Libyan pound. Its issuance and value have been heavily influenced by the country’s political history, including the Gaddafi era and the instability following 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 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 the pound sterling, is the world’s oldest currency still in use, with origins tracing back over 1,200 years to Anglo-Saxon times. It became a major global reserve currency, symbolizing Britain’s economic power, especially during the era of the British Empire.
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 redenominations, most recently in 2005, to combat high inflation.
Tunisian dinar
The Tunisian dinar is the official currency of Tunisia, introduced in 1960 to replace the Tunisian franc. Its creation followed the country’s independence from France in 1956, marking a key step in establishing Tunisia’s economic sovereignty.
gold bullion
Gold bullion refers to refined gold in bar or ingot form, which has been valued as a store of wealth and a medium of exchange for thousands of years. Historically, gold bullion has underpinned monetary systems, such as the gold standard, and remains a key asset in central bank reserves and private investment portfolios today.
