Libyan Dirham (Noun)
Meaning
100 dirhams equal 1 dinar in Libya.
Classification
Nouns denoting quantities and units of measure.
Examples
- The Libyan dirham is the official currency of Libya, although it is not widely used due to the country's history of using the Libyan dinar.
- In Libya, 100 dirhams are equivalent to one Libyan dinar, which is the standard unit of currency.
- The value of the Libyan dirham has fluctuated over the years, but it remains pegged to the dinar at a fixed rate of 100 to 1.
- Although the Libyan dirham is technically a valid form of currency, most transactions in Libya are conducted in dinars.
- The use of the Libyan dirham is largely limited to small purchases, as the dinar is the preferred unit of currency for most transactions.