The exchange rate of the US dollar against the Libyan dinar rose during Monday’s mid-session trading in the parallel market, recording 9.10 dinars, compared to 8.83 dinars at the close of the previous day.
The euro also rose to 10.40 dinars compared to 10.11 dinars yesterday, and the British pound climbed relatively to 11.80 dinars after being 11.55 dinars at the previous close.
The Turkish lira remained stable at 0.190 dinars, while the Tunisian dinar stabilized at 2.77 Libyan dinars. Meanwhile, the price of 18-karat gold bullion rose to 1002 dinars per gram compared to 958 dinars at the close of the previous day.
In the official market, the exchange rate of the US dollar declined to 6.37 dinars according to the new exchange rate bulletin issued by the Central Bank of Libya for Monday, while the euro rose to 7.41 dinars and the British pound rose to 8.54 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 the pound sterling, is the world’s oldest currency still in use, with origins tracing back over 1,200 years to Anglo-Saxon England. It was historically linked to silver and later gold, and it served as a major global reserve currency before the widespread adoption of the US dollar in the 20th century.
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 devaluation and redenomination in recent decades, most notably with the introduction of the “new Turkish lira” in 2005.
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, 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 bullion becoming a standardized form for trade, investment, and central bank reserves.
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 in Libya’s recent history, with parallel institutions emerging in the east and west during the post-2011 civil conflict.
