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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 ...
The dinar (/ d ɪ ˈ n ɑː r /) is the name of the principal currency unit in several countries near the Mediterranean Sea, with a more widespread historical use. The English word "dinar" is the transliteration of the Arabic دينار ( dīnār ), which was borrowed via the Syriac dīnarā from the Latin dēnārius .
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 name of Libya was changed several times during Gaddafi's tenure as leader. From 1969 to 1977, the name was the Libyan Arab Republic. In 1977, the name was changed to Socialist People's Libyan Arab Jamahiriya. [2] Jamahiriya was a term coined by Gaddafi, [2] usually translated as "state of the masses".
Libyan dinar; Libyan pound; T. Tripolitanian lira This page was last edited on 27 January 2020, at 00:18 (UTC). Text is available under the Creative Commons ...
Visitors travelling to Libya for touristic purposes must have 1000 Libyan Dinars or more upon arrival in Libya, ensuring financial sufficiency for the time of the visit. Failure to do so will result in the traveler being refused entry.
Libya is an OPEC member and holds the largest proven oil reserves in Africa (followed by Nigeria and Algeria), 41.5 Gbbl (6.60 × 10 9 m 3) as of January 2007, up from 39.1 Gbbl (6.22 × 10 9 m 3) in 2006. About 80% of Libya's proven oil reserves are located in the Sirte Basin, which is responsible for 90% of the country's oil output. [15]
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 ...