Currency Information on Libyan Dinar - LYD — Libyan dinar - ل.د or LD
The official currency of Libya, the dinar, is divided into 1000 dirham. Its introduction in 1971 replaced the pound at a 1:1 ratio.
The government are currently taking submissions for designs to replace the image of Gaddafi on their banknotes.
Coins currently in circulation are 50 and 100 dirhams and ¼, ½ dinar. Banknotes in circulation include 1, 5, 10, 20 and 50 dinars.
I run a local delicatessen business in Surrey. Many of my artisan suppliers are based in Italy, Spain and France. We are always making payments to these suppliers and knowing we are getting the best rates is vitally important for us; our margins are tight and any savings are crucial for the success of our business.
Comment written by Artisan supplier based in Italy.
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