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The Libyan dinar is commonly called jni, (western Libyan Dialect) or jneh [ʒneh] (eastern Libyan dialect), derived from the name of British guinea (cf genēh جنيه for the Egyptian pound), a gold coin worth twenty-one shillings. The name dinar is rarely used outside official circles. The authorized fractional unit, the dirham, is never ...
African currency was originally formed from basic items, materials, animals and even people available in the locality to create a medium of exchange.This started to change from the 17th century onwards, as European colonial powers introduced their own monetary system into the countries they invaded.
Algerian dinar – Algeria; Bahraini dinar – Bahrain; Bosnia and Herzegovina dinar – Bosnia and Herzegovina; Croatian dinar – Croatia; Iraqi dinar – Iraq; Jordanian dinar – Jordan, Palestinian territories; Kelantanese dinar – Kelantan; Krajina dinar – Krajina; Kuwaiti dinar – Kuwait; Libyan dinar – Libya; Republika Srpska ...
The Libyan pound was replaced by the dinar at par in 1971 following the Libyan Revolution of 1969. The Libyan pound was one of the strongest currencies in the world, with £L1=$2.80 USD. This was because of the flourishing economy and the new discovery of oil reserves, [ 2 ] [ 3 ] although a parallel market currency exchange existed which ...
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Libya, [b] officially the State of Libya, [c] is a country in the Maghreb region of North Africa.It borders the Mediterranean Sea to the north, Egypt to the east, Sudan to the southeast, Chad to the south, Niger to the southwest, Algeria to the west, and Tunisia to the northwest, as well as maritime borders with Greece, Italy and Malta to the north.
The lira (Arabic: ليره, plural: lire, abbreviation: MAL), officially known as the Military Authority Lira, was the currency of the British zone of occupation (later Mandate Territory) in Libya between 1943 and 1951, and of the province of Tripolitania until early 1952.