LYD to PKR

LYD - Libyan Dinar (د.ل.‏)
PKR - Pakistani Rupee (Rs)
1 LYD1 PKR

Currency conversion rates from LYD to PKR

LYDPKR
1 LYD1 PKR
5 LYD5 PKR
10 LYD10 PKR
20 LYD20 PKR
50 LYD50 PKR
100 LYD100 PKR
250 LYD250 PKR
500 LYD500 PKR
1000 LYD1000 PKR
2000 LYD2000 PKR
5000 LYD5000 PKR
10000 LYD10000 PKR
PKRLYD
1 PKR1 LYD
5 PKR5 LYD
10 PKR10 LYD
20 PKR20 LYD
50 PKR50 LYD
100 PKR100 LYD
250 PKR250 LYD
500 PKR500 LYD
1000 PKR1000 LYD
2000 PKR2000 LYD
5000 PKR5000 LYD
10000 PKR10000 LYD

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)


PKR - Pakistani Rupee ()

The Pakistani rupee is the currency of Pakistan. The currency code for the rupee is PKR, and it’s written as ‘Rs’ or روپیہ in Urdu. In Pakistan, the rupee is also sometimes spelled ‘rupees’, ‘rupaya’, ‘rupaye’, or ‘rupiyah’. The modern Pakistani rupee was put into circulation following the dissolution of the British Raj in 1947. It is a fiat currency.

The Rupee is the official currency of Pakistan. The currency is managed by the Bank of Pakistan, the main financial institution of the nation.

The Pakistan Rupee is the currency in Pakistan (PK, PAK). The symbol for PKR can be written Rs. The Pakistan Rupee is divided into 100 paisa. The exchange rate for the Pakistan Rupee was last updated on January 31, 2019 from The International Monetary Fund. The PKR conversion factor has 6 significant digits.

Economy

  • The economy of Pakistan has endured decades of domestic political feuds, a fast-growing population, varying levels of overseas investment, and an expensive, ongoing border dispute with India.
  • Significant macroeconomic amendments beginning in 2000, in particular privatizing the banking sector, have helped the economy.
  • In 2005, the World Bank named Pakistan the top reformer in its area and among the top 20 reformers globally.
  • The central financial institution is trying to tighten money policy while still encouraging growth.
  • Recurring international worker remittances are helping to build foreign exchange reserves, however the country faces a growing current account deficit due to the high reliance on imports. The increasing trade deficit could draw down these reserves and slow GDP growth in the near future.

History

  • The word Rupee is from the Sanskrit word rup or rupa, which means silver in most Indo-Aryan dialects.
  • The Pakistani Rupee was put into circulation in 1947, after the nation became independent from British Rule.
  • For some time after independence, Pakistan used Indian cash and banknotes with Pakistan stamped on them.
  • The current cash and banknotes were issued beginning in 1948. (Seems to contradict the second bullet.)
  • Similar to the Indian Rupee, the Pakistan Rupee was originally divided into sixteen annas, each composed of four pice or 12 pie.
  • The Pakistan Rupee was decimalized on January 1, 1961 and partitioned into a hundred pice; the name was changed to pais later the same year.

More information about PKR - Pakistani Rupee ()