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| Descrição Cédula |
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| The Socialist People’s Libyan Arab Jamhiriya, located on the north central coast of Africa between Tunisia and Egypt, has an area of 679,359 sq. mi. (1,759,540 sq. km.) and a population of 6.39 million. Capital: Tripoli. Crude oil, which accounts for 90 percent of the export earnings, is the mainstay of the economy. The Italians supplanted the Ottoman Turks in the area around Tripoli in 1911 and did not relinquish their hold until 1943 when defeated in World War II. Libya then passed to UN administration and achieved independence in 1951. Following a 1969 military coup, Col. Muammar al-Qadhafi began to espouse his own political system, the Third Universal Theory. The system is a combination of social-ism and Islam derived in part from tribal practices and is supposed to be implemented by the Libyan people themselves in a unique form of "direct democratiy." Qadhafi has always seen himself as a revolutionary and visionary leader. He used oil funds during the 1970s and 1980s to promote his ideology outside Libya, supporting subversives and terrorists abroad to hasten the end of Marxism and capitalism. In addition, beginning in 1973, he engaged in military operations in northern Chad’s Aozou Strip - to gain access to minerals and to use as a base of influence in Chadian politics - but was forced to retreat in 1987 UN sanctions in 1992 isolated Qadhafi piliticaly following the downing of Pan AM Flight 103 over Lockerbie, Scotland. During the 1990s, Qadhafi began to rebuild his relationships with Europe. UN Sanctions were suspensed in Apri 1999 and filally lfted in September 2003 after Libya accepted responsibility for the Lockerbie bombing. In December 2003, Libya announced that it had agreed to reveal and end its programs to develop weapons of mass destruction and to renounce terrorism. Qdhafi has made significant strides in normalizing relations with Western nations since then. He has received various Western European leaders as well as many working-level and commercial delegations, and made his first trip to Western Europe in 15 years When he traveled to Brusseis in April 2004. The US rescinded Libya's designation as a state sponsor of terrorism in June 2006. In January 2008, Libya assumed a nonpermanent seat on the United Nations Security Council for the 2008/09 term. In August 2008, the US and Libya signed a bilateral comprehensive claims settlement agreement to compensate claimants in buth countries who allege injury or death at the hands of the other country, including the Lockerbie bombing, the LaBelle disco bombing, and the UTA 772 bombing. In October 2008, the US Government received $1.5 billion pursuant to the agreement to distribute to US national claimants, and as a result effectively normalized its bilateral relationship with Libya. The two countries then exchanger ambassadors for the first time since 1973 in January 2009. RULERS: Idris I, 1951-1969 MONETARY SYSTEM: 1 Piastre = 10 Milliemes 1 Pound = 100 Piastres = 1000 Milliemes, 1951-1971 1 Dinar = 1000 Dirhams, 1971- NOTE: For more information on Libyan banknotes see the Encyclopedia of the Libyan |
| Descrição Moeda |
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| The Socialist People’s Libyan Arab Jamahariya, located on the north-central coast of Africa between Tunisia and Egypt, has an area of 679,358 sq. mi. (1,759,540 sq. km.) and a population of 3.9 million. Capital: Tripoli. Crude oil, which accounts for 90 per cent of the export earnings, is the mainstay of the economy. TITLES al-Mamlaka(t) al-Libiya(t) al-Jomhuriya(t) al-Arabiya(t) al-Libiya(t) GREAT SOCIALIST PEOPLE’S LIBYAN ARAB JAMAHIRIYA STANDARD COINAGE 1000 Dirhams = 1 Dinar |
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