Libyan Monetary Unit (Noun)
Meaning
Monetary unit in Libya.
Classification
Nouns denoting quantities and units of measure.
Examples
- The Libyan monetary unit is the Libyan dinar, which is divided into 1,000 dirhams.
- Libya's official monetary unit is the Libyan dinar, and it has been the country's standard unit of currency since its introduction in 1971.
- Until 1971, the Libyan pound was the official monetary unit used in the country.
- Before introducing the Libyan dinar, Libya used the Libyan pound as its primary monetary unit.
- The Libyan dinar is the only recognized monetary unit in the country and is used for all domestic transactions.