The exchange rate of the US dollar against the Libyan dinar rose during mid-session trading in the parallel market today, Tuesday, recording 8.835 dinars, compared to 8.79 dinars at the close of yesterday’s session.
The euro also rose to 10.18 dinars compared to 10.09 dinars yesterday, and the British pound rose relatively to 11.500 dinars after being 11.45 dinars at the previous close.
The Turkish lira stabilized at 0.200 dinars, while the Tunisian dinar stabilized at 2.77 Libyan dinars. Meanwhile, the price of 18-karat gold bullion jumped again to 930 dinars per gram, compared to 915 dinars at yesterday’s close.
In the official market, the exchange rate of the US dollar declined to 5.41 dinars according to the exchange rate bulletin issued by the Central Bank of Libya for Tuesday. The euro rose slightly to 6.34 dinars, and the British pound increased to 7.33 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 precious metals to a fiat currency, and its global reserve status was solidified by 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 country’s independence and the rise of the Libyan Arab Republic, centralizing the monetary system.
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-physical form in 1999 to foster economic integration, with banknotes and coins entering circulation in 2002, replacing former national currencies like the German Mark and French Franc.
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. Its name derives from the Latin *libra pondo*, meaning a pound weight of silver, and it became the official currency of the United Kingdom following the union of England and Scotland in 1707.
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 *kuruş*, and has undergone significant 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 creation followed the country’s independence from France in 1956, marking a key step in establishing Tunisia’s modern economic sovereignty.
gold bullion
Gold bullion refers to refined gold in bar or ingot form, typically of high purity, which has been used as a store of value and a medium of exchange for thousands of years. Historically, gold bullion has underpinned monetary systems, most notably during the era of the gold standard, and remains a key asset in central bank reserves and private investment portfolios today.
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 of parallel administrations each claiming control over the institution.
