Pound Sterling to Libyan Dinar — exchange rate

The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.

Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.

The Libyan dinar (LD) is the currency of Libya, a North African state. Today, it is only issued and circulated within this country. On international financial markets, it is called LYD.

The Libyan dinar is subdivided into dirhams. One LYD equals 100 dirhams. The currency has first been issued in 1971. Prior to that, Libya used the Libyan pound. Before having its own currency, the state used foreign currencies: Italian livres, Algerian francs, and Egyptian pounds.