AED to LYD
Currency conversion rates from AED to LYD
|1 AED||1 LYD|
|5 AED||5 LYD|
|10 AED||10 LYD|
|20 AED||20 LYD|
|50 AED||50 LYD|
|100 AED||100 LYD|
|250 AED||250 LYD|
|500 AED||500 LYD|
|1000 AED||1000 LYD|
|2000 AED||2000 LYD|
|5000 AED||5000 LYD|
|10000 AED||10000 LYD|
|1 LYD||1 AED|
|5 LYD||5 AED|
|10 LYD||10 AED|
|20 LYD||20 AED|
|50 LYD||50 AED|
|100 LYD||100 AED|
|250 LYD||250 AED|
|500 LYD||500 AED|
|1000 LYD||1000 AED|
|2000 LYD||2000 AED|
|5000 LYD||5000 AED|
|10000 LYD||10000 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.
- 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.
- 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.
LYD - Libyan Dinar (LYD)
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.
- 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.
- 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.