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.
The Suriname Dollar was introduced in 2004, and as such is a fairly new form of currency. Suriname is located on the north coast of South America, between Guyana and French Guiana. Although it is fairly large (approximately 64,000 square miles), Suriname is a minor state in South America. The population of 470,000 live mostly in the northern part of the country, around the capital of Paramaribo.
The Suriname Dollar is the currency in Suriname (SR, SUR). The symbol for SRD can be written $Sur. The Suriname Dollar is divided into 100 cents. The exchange rate for the Suriname Dollar was last updated on May 24, 2019 from Yahoo Finance. The SRD conversion factor has 3 significant digits.
Suriname’s resources are attracting foreign businesses and investment for several reasons, from cheap electricity costs to major reserves of specific minerals.
The agricultural sector has shown through the centuries that it can diversify and is currently in a somewhat stable position. It accounts for almost 10% of the GDP and employs approximately 8% of the total workforce of about 166,000.
Currently this sector produces plantains, rice kernels, peanuts, coconuts, beef, and shrimps.
The country has several large export partners, including Canada, the Netherlands, Belgium, the United Arab Emirates, and the United States.
The Dollar replaced the Suriname Guilder on January 1, 2004 at a rate of 1 Dollar = 1000 Guilders.
The old 1-cent coins (100 to a Guilder) were declared to be worth their face value in the new cents, so that new coins did not need to be made.
The US Dollar is used to quote prices for electronic goods, household furnishings, appliances, and automobiles.