The dinar is the currency of Libya. Its ISO 4217 code is "LYD". The dinar is subdivided into 1000 dirham. It was introduced in September 1971 and replaced the pound at par. It is issued by the Central Bank of Libya, which also supervises the banking system and regulates credit. In 1972, the Libyan Arab Foreign Bank was established to deal with overseas investment.
The national currency of Libya is known as Libyan dinar or LYD in its abbreviated form. Curiously, a single dinar is subdivided into 1000 dirham, unlike the sub-measurement of 100 that many other currencies follow.
A single US dollar will get you around 1.41 Libyan Dinar. Although LYD is not the most valuable currency in the world, it is still a very strong currency. The currency of Libya is Libyan Dinar. The most widespread Libya Dinar exchange rate is the USD to LYD rate. One LYD is equal to 49.75 INR.
It is issued and regulated by the Central Bank of Libya, which supervises banks and regulates credit systems throughout the country. Libyan Dinar is considered the most powerful currency in the entire continent of Africa. Rich oil resources have made Libyan Dinar valuable.
