AED to LYD

AED - United Arab Emirates Dirham (د.إ.‏)
LYD - Libyan Dinar (د.ل.‏)
1 AED1 LYD

Currency conversion rates from AED to LYD

AEDLYD
1 AED1 LYD
5 AED5 LYD
10 AED10 LYD
20 AED20 LYD
50 AED50 LYD
100 AED100 LYD
250 AED250 LYD
500 AED500 LYD
1000 AED1000 LYD
2000 AED2000 LYD
5000 AED5000 LYD
10000 AED10000 LYD
LYDAED
1 LYD1 AED
5 LYD5 AED
10 LYD10 AED
20 LYD20 AED
50 LYD50 AED
100 LYD100 AED
250 LYD250 AED
500 LYD500 AED
1000 LYD1000 AED
2000 LYD2000 AED
5000 LYD5000 AED
10000 LYD10000 AED

AED - United Arab Emirates Dirham (د.إ)

The United Arab Emirates dirham is the currency of the United Arab Emirates. The dirham is abbreviated by the currency code AED, and its symbol is د.إ. Unofficial abbreviations include ‘Dhs’ and ‘DH’. The most popular AED exchange is with Indian rupees (INR to AED). The dirham is a fiat currency, and its conversion factor has 6 significant digits.

The Dirham (AED) is the currency of the United Arab Emirates. 1 Dirham = 100 fils. Exchange can be done at a bank, but is less costly at an exchange office. The United Arab Emirates Dirham was pegged to the IMF’s drawing rights in 1978. In 1997 the Dirham was pegged to the US Dollar at 1 USD = 3.6725 dirham.

The United Arab Emirates Dirham is the currency in United Arab Emirates (AE, ARE, UAE). The symbol for AED can be written Dh, and Dhs. The United Arab Emirates Dirham is divided into 100 fils. The exchange rate for the United Arab Emirates Dirham was last updated on Today from The International Monetary Fund. The AED conversion factor has 6 significant digits.

Economy

  • The United Arab Emirates is ranked second in the Corporation Council for the Arab States of the Gulf (CCASG).
  • Natural gas and petroleum exports play an important role in the economy.
  • The service sector is also an important source of income.
  • Construction forms a huge part of the economy; there is currently an average of $350 billion in construction projects.
  • The United Arab Emirates is part of the World Trade Organization.
  • Imports are machinery, manufactured goods, and transport equipment.
  • In 2009, 85% of exports were natural resources.
  • The United Arab Emirates has the fastest-growing economy in the world.

History

  • The original currency in the United Arab Emirates was the Bahraini Dinar.
  • Before 1966 the United Arab Emirates used the Gulf Rupee.
  • The United Arab Emirates dirham started circulating in December 1971. The dirham replaced the Dubai Riyal as well as the Qatar Riyal at par.
  • From 1973 to 1982 the United Arab Emirates issued the Dirham.
  • In 1976 the United Arab Emirates minted commemorative coins.
  • In the late 1980s a fixed rate was established between the Dirham and the USD.
  • 200-dirham denominations were produced only in 1989 and are scarce; however, the 200-dirham was re-introduced in May 2008 in a different color from the original.
  • In 1997 the Dirham was pegged to the US Dollar.

More information about AED - United Arab Emirates Dirham (د.إ)


LYD - Libyan Dinar (LYD)

Libyan Dinar

The Libyan Dinar is the official currency of Libya. The Libyan Dinar is subdivided into 1000 dirham. When Libya was still under the Ottoman Empire, the Ottoman Empire piastres were used. When Italy ruled Libya, the introduction of their Lira initiated a trend to use a variety of currencies from different countries.

The Libyan Dinar is the currency in Libya (Libyan Arab Jamahiriya, LY, LBY). The symbol for LYD can be written LD. The Libyan Dinar is divided into 1000 dirhams. The exchange rate for the Libyan Dinar was last updated on January 25, 2019 from The International Monetary Fund. The LYD conversion factor has 6 significant digits.

Economy

  • The Libyan economy is reliant on profits from the oil sector. These high profits, in combination with the small population, give Libya the highest GDP per capita in Africa.
  • Economic transformations to reintegrate the Libya into an international playing field have been initiated by UN and US sanctions.
  • Libya is still has a long way to go in transforming its socialist-oriented economy, planning for privatization, and minimizing grants.

History

  • In 1951, Libya became independent, and the Libyan Pound was introduced.
  • In 1971, the Central Bank of Libya launched the Libyan Dinar.
  • In 1972, the Libyan Arab Foreign Bank was established to increase overseas investments.
  • In 1975, coins in denominations of 1, 5, 10, 20, 50 and 100 dirham were introduced, which upset the Federation of Arab Republics.
  • In 1979, the second series of coins of the same denominations was launched.
  • In 2001 and 2004, denominations of ¼ and ½ dinar coins were issued.
  • In 2009, new 50 and 100 dirhams, as well as ¼ and ½ dinar coins, were issued.

More information about LYD - Libyan Dinar (LYD)