The exchange rate of the US dollar against the Libyan dinar recorded a slight decline during mid-session trading in the parallel market today, Saturday, reaching 8.57 dinars, compared to 8.63 dinars at the close on Thursday.
The euro also declined to 9.92 dinars compared to 9.975 dinars on Thursday, and the British pound fell slightly to 11.25 dinars after being 11.30 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 908 dinars per gram compared to 900 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 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, representing a major step in European economic integration following the Maastricht Treaty.
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 a unit of weight for silver, and its symbol (£) derives from the Latin word *libra*, meaning a unit of weight.
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 significant revaluations, most notably in 2005 when the “new Turkish lira” removed six zeros from its predecessor.
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 used as a store of value and a medium of exchange for thousands of years. Historically, it formed the basis of many monetary systems, most notably the gold standard, where a country’s currency value was directly linked to a specific quantity of gold. Today, it remains a key asset for central banks, investors, and governments as a hedge against inflation and economic uncertainty.
Central Bank of Libya
The Central Bank of Libya is the primary monetary authority of Libya, originally established in 1956 as the National Bank of Libya. It has played a critical and often contested role in the country’s economy and governance, particularly during and after the 2011 civil war, when parallel institutions emerged.
