LYD to AMD

LYD - Libyan Dinar (د.ل.‏)
AMD - Armenian Dram (֏)
1 LYD1 AMD

Currency conversion rates from LYD to AMD

LYDAMD
1 LYD1 AMD
5 LYD5 AMD
10 LYD10 AMD
20 LYD20 AMD
50 LYD50 AMD
100 LYD100 AMD
250 LYD250 AMD
500 LYD500 AMD
1000 LYD1000 AMD
2000 LYD2000 AMD
5000 LYD5000 AMD
10000 LYD10000 AMD
AMDLYD
1 AMD1 LYD
5 AMD5 LYD
10 AMD10 LYD
20 AMD20 LYD
50 AMD50 LYD
100 AMD100 LYD
250 AMD250 LYD
500 AMD500 LYD
1000 AMD1000 LYD
2000 AMD2000 LYD
5000 AMD5000 LYD
10000 AMD10000 LYD

AMD - Armenian Dram (֏)

Armenian Dram

The Armenian Dram (AMD) is the currency unit for Armenia. The Central Bank of Armenia owns the exclusive rights to issue the Dram. The symbol for the Dram has not yet become part of the Unicode standard.

The Armenian Dram is the currency in Armenia (AM, ARM). The Armenian Dram is divided into 100 luma. The exchange rate for the Armenian Dram was last updated on May 24, 2019 from Yahoo Finance. The AMD conversion factor has 5 significant digits.

Economy

  • Before Armenia became independent, their economy was mainly industry-based: machinery, electronics, textiles, synthetic rubber, and processed food. Only 20% of the economy was agricultural products.
  • The country developed its industries after 1991 and is now producing knitwear, shoes, silk, trucks, instruments, jewelry, software, brandy, metal-cutting machines, and is processing diamonds.
  • Armenian mines form a large part of the economy: copper, zinc, lead, and gold.
  • Armenia exports energy.
  • Armenia’s economy does not have a strong history, due to the previous control by the Soviet Union.
  • The country’s economy suffered a major draw back after the earthquake in 1998.
  • Unemployment is a huge problem in Armenia.

History

  • Originally silver coins called drams were used from 1199 to 1375.
  • In 1991 Armenia became an independent republic, no longer part of the Soviet Union.
  • In early 1993 the Central Bank of Armenia was opened, but Soviet Union banknotes still circulated until the end of 1993.
  • The new Armenian Dram was also introduced at the end of 1993.
  • Coins replaced the 50, 100, and 500 dram banknotes in 1998.
  • After 2005 banknotes issued from 1993 to 1995 were taken out of circulation.
  • A 500,000-dram banknote was issued in 2001 to commemorate Christianity in the country.

More information about AMD - Armenian Dram (֏)


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)