The exchange rate of the US dollar against the Libyan dinar recorded an increase during Monday’s parallel market trading, reaching 9.07 dinars, compared to 8.99 dinars at the close of the previous day.
The euro also rose to 10.60 dinars compared to 10.43 dinars yesterday, and the British pound rose relatively to 11.95 dinars after being 11.80 dinars at the previous close.
The Turkish lira remained stable at 0.210 dinars, while the Tunisian dinar declined to 2.85 Libyan dinars. Meanwhile, the price of 18-karat gold bullion saw a new jump to 1046 dinars per gram, compared to 1067 dinars at the close of the previous day.
In the official market, the exchange rate of the US dollar decreased to 6.31 dinars according to the new exchange rate bulletin issued by the Central Bank of Libya for Monday, while the euro rose to 7.48 dinars, and the British pound rose to 8.62 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, marking a shift in the country’s economic identity.
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 French franc and German mark.
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,” a unit of weight, and it was historically linked to silver and later the gold standard. Today, it is a major global reserve currency and the legal tender of the United Kingdom.
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 the old currency.
Tunisian dinar
The Tunisian dinar is the official currency of Tunisia, introduced in 1960 to replace the Tunisian franc. Its establishment followed the country’s independence from France in 1956, marking a key step in Tunisia’s economic sovereignty.
gold bullion
Gold bullion refers to refined gold in the form of bars or ingots, valued for its purity and mass. Historically, gold has been used as a store of wealth and a medium of exchange for thousands of years, with standardized bullion becoming central to global financial systems and backing currencies. Today, it remains a key asset for central banks, investors, and in industries like jewelry and electronics.
Central Bank of Libya
The Central Bank of Libya is the primary monetary authority of Libya, established in 1956 following the country’s independence. It has played a critical role in managing the nation’s economy and currency, though its operations have been significantly disrupted and divided between rival administrations since the 2011 civil war.
