- Monetary unit:
- Country code:
- Libyan Arabian Jamahiriya (???)
- Libyan dinar
- of 1 759 540 sq. km
- Arabian (state), English, Italian, etc.
- LY (LBY) 434
Monetary unit of the Great Socialist National Libyan Arabian Jamahiriya (???) the Libyan dinar equal to 1000 dirhams and manufactured by Central bank of Libya is.
Before education of Libya (on December, 24th 1951 in territory of its three areas various monetary units were used: in Cyrenaica - Egyptian pounds, in Tripolitania - the Italian military liras, in Fezzan - the Algerian francs. The Libyan pound equal to pound sterling, is entered on March, 24th, 1952; it was divided into 100 piastres and 1000 Millies. Since January, 3rd 1952 on December, 14th, 1971 Libya was included into a sterling area. Since September, 1st, 1971 instead of the Libyan pound the new monetary unit - the Libyan dinar (it is divided into 1000 dirhams) on a parity 1:1 is entered.
In the cash circulation there are notes of denomination 1/4 1/2, 1, 2, 5, 10, 20 dinars. In total in a cash turn-over in territory of this North African country is more than 20 modifications of notes of the various nominal values which are lawful legal tenders.
The Face side of a denomination of denomination of 20 dinars of the sample of 2002 has the size 166 x 83 mm, dominating colours - blue, light green and bluish-black. The denomination is decorated by the plotting of a map of Libya and national ornaments, on the back the this note the plotting of meeting of the African political leaders is seated.
Watermarks are applied To protection of authenticity of notes of all nominal values (a portrait Omar al-Muhtara - the national hero of Libya and a digital designation of nominal value in the socket), protective threads, protective strips, hologrammes and golden strips.
For the Libyan coins and notes the same as and for token moneys of other countries of Maghrib, the instructions of a date of issue on a Muslim calendar are characteristic, i.e. Year A.D., and year of Hegira is underlined not. For example, a coin of 1395 actually have rapped out in 1975
After in 2011 revolution has dethroned government Kaddafi, the chairman of Central bank of Libya has declared that notes with the person of the former dictator, being in circulation, will while be used by National transitive advice for payment of wages of workers and employees.
The Central bank of Libya has begun issue of new series of notes in 1, 5 and 10 dinar in the beginning of 2012. The chairman of Central bank of Libya Omar al-Kabir declared that the old currency can be interchanged on new 1 to 1. Issue of new denominations was necessary, along with re-structuring of Central bank for removal of plunders and swindle.
Main difference of new notes is removal of an inscription "Jamahiriya" and appearance on the back the English name of the note, for the first time for two decades.
It is updated 03.2012