Currency in Libya: LYD Send & Spend FX Guide
Resources for Expats, Travelers and Entrepreneurs Navigating Life and Trade in Libya with the Libyan dinar.
What's in this Libya currency guide?
What currency is used in Libya?
The official currency of Libya (country code: LY) is the Libyan dinar, with symbol ل.د and currency code LYD.
What is a good Libyan dinar exchange rate?
The BestExchangeRates.com currency comparison table below helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of rates, enter your transaction type, currencies and amount then click ‘GET RATES’:
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Frequently Asked Questions
What currency should I use in Libya?
The domestic currency in Libya is the Libyan dinar.
What is the Libyan dinar currency code and symbol?
The three letter currency code for the Libyan dinar is LYD — symbol is ل.د.
Which countries use the Libyan dinar?
It is the domestic currency in Libya.
Is the Libyan dinar a closed currency?
Yes the Libyan dinar is a closed currency. Which means that you may find it difficult to purchase the currency (LYD) before departure and will probably need to buy it upon arrival. If you do manage to buy some of the currency or have some left over from a previous trip, make sure you are aware if you are allowed to bring this closed currency into the country.
For more information and a full list of closed currencies please refer to our guide: What is a closed currency?
What are equivalent amounts of SGD and LYD?
Here are some popular conversion amounts for SGD to LYD (Singapore dollar to Libyan dinar)*.
| SGD | LYD |
|---|---|
| S$ 1,000 | ل.د 4,989 |
| S$ 5,000 | ل.د 24,946 |
| S$ 20,000 | ل.د 99,782 |
| S$ 100,000 | ل.د 498,910 |
| SGD | LYD |
|---|---|
| S$ 200.40 | ل.د 1,000 |
| S$ 1,002 | ل.د 5,000 |
| S$ 4,008 | ل.د 20,000 |
| S$ 20,040 | ل.د 100,000 |
More amounts
*Converted at the current SGDLYD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Travel money for Libya
As mentioned above, the Libyan dinar is a closed currency. Which means that you may find it difficult (or be permitted) to purchase the currency (LYD) before departure and will need to buy it upon arrival in Libya.
For these types of destinations, using a pre-paid travel card is a good solution. As no travel cards support loading closed currencies like the LYD you will incur currency conversion or foreign transaction fees if you use a travel money card in Libya.
However, using a pre-paid travel card is still a good idea as you can avoid ATM fees and also you can avoid using (and losing!) your main bank or debit/credit card.
USD/LYD Market Data
The below interactive chart displays the USD/LYD change and UP📈 DOWN📉 trends over the past 1 Year.
Send Money to Libya - Best Rates
To get a good (and fair) exchange rate when sending money to Libya you need to find and compare exchange rates for International Money Transfers (IMTs).
The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.
You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.
Get a better deal for foreign transfers to Libya
When sending money to Libya it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Libyan dinar amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted LYD amount will be transfered to the recipient account you specify in Libya.
Use the above calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Libyan dinar deposited into the recipient bank account and less margins and fees kept by the banks!
