GK
CURRENCIES OF THE WORLD
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the national currency of Libya?
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Libyan denova
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Libyan dinar
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Libyan drachma
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Libyan dollar
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Explanation:
Detailed explanation-1: -The Libyan dinar (LYD) is the official currency of Libya. The LYD replaced the Libyan pound in 1971. The pound succeeded the French Ottoman piastre as official currency after it gained independence in 1951.
Detailed explanation-2: -The dinar’s devaluation continued over the course of the coming decades, falling to 0.5175 SDR by 2003. Its most recent devaluation occurred on 1 January 2021, when its value became 0.1555 SDR. During the first decade of the 21st century, the value of the Libyan dinar remained fairly stable.
Detailed explanation-3: -1 LYD = 0.207154 USD Mar 11, 2023 21:50 UTC.
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