Currency in Libya LYD - Things to know
Foreign exchange guide to Libya and 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.
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Things to know about the Libyan dinar
The Libyan Dinar comes in denominations of 1, 5, 10, 20, 50, and 100 dinars. The coins come in denominations of 1, 5, 10, and 50 dirhams. The physical currency features images of notable figures and landmarks from Libyan history and culture, as well as Arabic inscriptions.
The front side of the 1 dinar note features a portrait of Omar Mukhtar, a Libyan resistance leader who fought against Italian colonization in the 1920s and 1930s. The back of the note shows a view of the port of Benghazi. The 5 dinar note features a portrait of Al-Mahdi Al-Baruni, a Libyan Sufi mystic and poet, on the front side and an image of the Al-Jahmiya Mosque in Benghazi on the back. The 10 dinar note features a portrait of Muhammad al-Fatih, the Ottoman Sultan who conquered Constantinople in 1453, on the front and an image of the medieval castle of Al-Sharif al-Hamdani in Benghazi on the back. The 20 dinar note features a portrait of Umar al-Mukhtar, the leader of the Libyan resistance against Italian colonization, on the front and an image of the Roman Theater in Leptis Magna on the back. The 50 dinar note features a portrait of Al-Burtasi, a Libyan Sufi mystic and poet, on the front and an image of the Al-Fatah Tower in Tripoli on the back. The 100 dinar note features a portrait of Omar al-Mukhtar on the front and an image of the Al-Manar Palace in Tripoli on the back.
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 .
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 .
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.
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 USD and LYD?
Here are some popular conversion amounts for USD to LYD (US dollar to Libyan dinar)*.
| USD | LYD |
|---|---|
| $ 208.40 | ل.د 1,000 |
| $ 1,042 | ل.د 5,000 |
| $ 4,168 | ل.د 20,000 |
| $ 20,840 | ل.د 100,000 |
More amounts
*Converted at the current USDLYD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
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!