Here is a detailed financial historical report on Libya and its currency, the Libyan dinar, based on the latest data:

Financial Historical Report of Libya

Basic Data

• Country ISO Code: LY

• Official Language: Arabic

• Language ISO Code: ar

• Current Official Currency: Libyan Dinar

• Currency ISO Code: LYD

Currency History in Libya

• The Libyan dinar (دينار ليبي) was introduced in September 1971, replacing the Libyan pound at par (1 dinar = 10 pounds).

• The dinar is subdivided into 1,000 dirhams (درهم).

• Initially, the dinar was pegged to the Special Drawing Rights (SDR) at a rate of 2.80 SDRs per dinar.

• In 1973, the dinar was pegged to the US dollar at a rate of approximately 0.29679 dinar per dollar (LD 1 = US$3.37), a peg maintained until 1986.

• In 1986, the peg switched back to the SDR basket, with trading bands introduced and gradually expanded.

• From the mid-1990s, the dinar gradually devalued against the US dollar, reaching US$1.55 in 2001, then devalued by 50% to US$0.77 in 2002.

• Political instability, sanctions, and economic challenges have caused fluctuations and depreciation of the dinar, with efforts to unify exchange rates in recent years.

• On January 3, 2021, the dinar was devalued to US$1 = LD 4.48 following exchange rate unification, closing the gap between official and black market rates.

• As of mid-2025, the dinar continues to face valuation pressures linked to Libya’s political situation.

Currency Details

Designs and Symbols

• Coins and banknotes feature national symbols such as the Libyan coat of arms, historical figures, and cultural motifs.

• Currency includes Arabic script and numerals, with modern security features to prevent counterfeiting.

Economic and Monetary Context

• Libya’s economy is heavily dependent on oil exports, which strongly influence the dinar’s stability.

• Political instability, sanctions, and conflict have caused significant fluctuations in the currency’s value.

• The Central Bank of Libya manages monetary policy aiming to stabilize the dinar amid ongoing challenges.

• Exchange rates have historically shown divergence between official and parallel markets, with recent efforts to unify rates.

Current Status

• The Libyan dinar is the sole official currency in Libya and is actively used in daily transactions.

• The Central Bank of Libya remains the authority for currency issuance and regulation.

• The dinar’s value continues to be influenced by Libya’s political and economic environment.

This report summarizes Libya’s monetary history, highlighting the introduction and evolution of the Libyan dinar, its economic context, and current status.

If you would like, I can prepare a translation of this report into Portuguese (Brazilian) or French.