UYI to LYD

UYI - Uruguayan Peso (Indexed Units) (UYI)
LYD - Libyan Dinar (د.ل.‏)
1 UYI1 LYD

Currency conversion rates from UYI to LYD

UYILYD
1 UYI1 LYD
5 UYI5 LYD
10 UYI10 LYD
20 UYI20 LYD
50 UYI50 LYD
100 UYI100 LYD
250 UYI250 LYD
500 UYI500 LYD
1000 UYI1000 LYD
2000 UYI2000 LYD
5000 UYI5000 LYD
10000 UYI10000 LYD
LYDUYI
1 LYD1 UYI
5 LYD5 UYI
10 LYD10 UYI
20 LYD20 UYI
50 LYD50 UYI
100 LYD100 UYI
250 LYD250 UYI
500 LYD500 UYI
1000 LYD1000 UYI
2000 LYD2000 UYI
5000 LYD5000 UYI
10000 LYD10000 UYI

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)


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