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... in Geneva, it's the ordinary Libyans across the country that are paying the highest price ... Heavily subsidised by the government, gasoline officially costs 0.15 Libyan dinars ($0.11) per litre at the pump ... The Libyan dinar has lost nearly half its value, plummeting to less than half a US dollar, while the cost of chunky gold bars has increased....
Al Jazeera 2015-01-29... in Geneva, it's the ordinary Libyans across the country that are paying the highest price ... Heavily subsidised by the government, gasoline officially costs 0.15 Libyan dinars ($0.11) per litre at the pump ... The Libyan dinar has lost nearly half its value, plummeting to less than half a US dollar, while the cost of chunky gold bars has increased....
Al Jazeera 2015-01-29After several unsuccessful attempts, former Libyan political dissident Samir Tabit has finally managed to get his name removed from a "blacklist" dating back to Gadhafi's rule ... "We are Libyans and Islam is like our skin ... So far, he says, he has gathered "20,500 Libyan dinars (around 11,000 euros), 113 Kalashnikov bullets, 38 phone cards, 18 sleeping bags and two first-aid kits."....
Deutsche Welle 2015-01-16Two die in bombing of Greek-operated tanker in Libya’s port of Derna Libyan fighter jets attack country’s biggest steel plant in Misrata Libya court invalidates parliament ... The bank has acknowledged the country’s economic problems but has spoken only of "maintaining the current value of the Libyan Dinar exchange rate" and discussing "how public finance obligations can be met in 2015"....
Business Day 2015-01-07Two die in bombing of Greek-operated tanker in Libya’s port of Derna Libyan fighter jets attack country’s biggest steel plant in Misrata Libya court invalidates parliament ... The bank has acknowledged the country’s economic problems but has spoken only of "maintaining the current value of the Libyan Dinar exchange rate" and discussing "how public finance obligations can be met in 2015"....
Business Day 2015-01-07Husni Bey, head of one of Libya's biggest private firms, said the central bank might have to devalue the dinar by 50 percent to offset the loss of oil revenues and pay public salaries ... The bank has acknowledged the country's economic problems but has spoken only of "maintaining the current value of the Libyan Dinar exchange rate" and discussing "how public finance obligations can be met in 2015"....
Reuters 2015-01-06As part of the BSP's initiative to assist overseas Filipino workers (OFWs) displaced by the conflict in Libya, the Monetary Board approved today the re-opening of the Libyan Dinar (LYD) Currency Exchange Facility (CEF)....
noodls 2014-12-22He then decided to try to cross the Mediterranean Sea to Europe and paid 1,100 Libyan dinars (estimated at US$ 843) to a Ghanaian smuggler ... He worked for some time in the construction industry, but when the civil conflict re-erupted in Libya, he decided to try and cross the Mediterranean Sea and paid 1,200 Libyan dinars (US$ 918) to a Ghanaian smuggler to assist him....
Peace FM Online 2014-12-18(Adds details from central bank) ... Expenditure in the period was 38.5 billion Libyan dinars ($30 billion) ... Expenditure on salaries stood at 21.1 billion dinars in January-November, while subsidies made up 12.7 billion dinars, the central bank said....
Reuters 2014-12-08Expenditure stood at 38.5 billion Libyan dinars ($30 billion) in the same period....
Reuters 2014-12-08Heinz-Peter Bader/ReutersLibya's Deputy Premier Abdelrahman al-Taher, who was the lead delegate at November's OPEC meeting in Vienna ... But there was something else going on at the meeting, which didn't get as much attention ... According to Reuters, oil revenues in Libya will fall to "15 billion Libyan dinars ($12 billion) this year, down from 40 billion dinars in 2013." ... Check out . ... OR ... OPEC Had To Choose Between Two Libyan Governments ... ... .....
Business Insider 2014-12-01In the Libyan capital he was kidnapped, held prisoner at gunpoint, and sold on to another armed group who put him into forced labour in agriculture ... After a year, and having raised another thousand Libyan dinar to pay off his captors and the smugglers, Ebrime was taken to an inadequate boat to cross the Mediterranean and once again feared he would die....
The Guardian 2014-10-31The House of Representatives, based in the eastern city of Tobruk while a rival assembly sits in the capital Tripoli, said spending would drop from 64 billion to 52 billion Libyan dinars ... Abdelsalam Ansiya, a senior lawmaker tasked with the budget, told Reuters last month the deficit could more than double to 19 billion Libyan dinars....
Reuters 2014-10-23The dinar (Arabic: دينار) is the currency of Libya. Its ISO 4217 code is "LYD". The dinar is subdivided into 1000 dirham (درهم). It was introduced in 1971 and replaced the pound at par. It is issued by the Central Bank of Libya, which also supervises the banking system and regulates credit. In 1972, the Libyan Arab Foreign Bank was established to deal with overseas investment. Ali Mohammed Salem, deputy governor of Central Bank of Libya stated the exchange rate of Libyan dinar would be pegged to special drawing rights for one to three years, according to an interview to Reuters on 27 December 2011.
Until 1975, old coins denominated in milliemes (equal to the dirham) circulated. In 1975, coins were introduced in denominations of 1, 5, 10, 20, 50 and 100 dirham which bore the coat of arms of the Federation of Arab Republics. These were followed in 1979 by a second series of coins, in the same denominations, which bore a design of a horseman in place of the arms. ¼ and ½ dinar coins were issued in 2001 and 2004, respectively. In 2009, new 50, 100 dirhams, ¼ and ½ dinar coins were issued. 1, 5, 10, and 20 dirham coins are rarely used as units of exchange. However, they still retain their status as legal tenders.