- Libyan pound
The Libyan pound (Arabic جنيه, "junieh") was the currency of
Libyabetween 1951and 1971. The pound was divided into 100 piastres (قرش, qirsh) and 1000 milliemes (مليم).
When Libya was a part of the
Ottoman Empire, the country used the Ottoman qirsh(XOTP), issuing some coins locally until 1844. When Italytook over the country in 1911, the Italian lirawas introduced. In 1943, Libya was split into French and British mandateterritories. Algerian francs were used in the French mandate, whilst Tripolitanian liraissued by the British Military Authorities were used in the British mandate.
In 1951, the pound was introduced, replacing the franc and lira at rates of 1 pound = 480 lire = 980 francs. [http://users.erols.com/kurrency/ly.htm] The pound was replaced, at par, by the dinar in 1971.
Coins were issued in 1952 in denominations of 1, 2 and 5 milliemes, 1 and 2 piastres. In 1965, a second series of coins was issued in denominations of 1, 5, 10, 20, 50 and 100 milliemes. These coins continued to circulate after 1971 as no new coins were issued until 1975.
In 1951, the government issued notes in denominations of 5 and 10 piastres, ¼, ½, 1, 5 and 10 pounds. In 1959, the National Bank of Libya took over the issuance of paper money with denominations of ½, 1, 5 and 10 pounds. In 1963, the Bank of Libya took over from the National Bank and issued notes in the same denominations.
Wikimedia Foundation. 2010.
Look at other dictionaries:
Pound sterling — GBP redirects here. For other uses, see GBP (disambiguation). Pound sterling Peuns sterling (Cornish) Punt steirling (Irish) Punt Sostynagh … Wikipedia
Pound (currency) — The pound, a unit of currency, originated in England as the value of a pound mass of silver. [ [http://www.etymonline.com/index.php?term=pound Online Etymology Dictionary] ] For a long time, £1 worth of silver coins were a troy pound in… … Wikipedia
Libyan dinar — Infobox Currency currency name in local = دينار ليبي ar icon image 1 = Libyan dinar one.jpg image title 1 = 1 dinar banknote of revised series 4, featuring Muammar al Gaddafi iso code = LYD using countries = flag|Libya inflation rate = 3.1%… … Wikipedia
LYD (Libyan Dinar) — The currency abbreviation for the Libyan dinar (LYD), the currency for Libya. The Libyan dinar is made up of 1000 dirham and is often presented with the symbol LD. In Libya, the dinar is often called jni or jneh. The word dirham is never used in… … Investment dictionary
Jersey pound — Jersey pound … Wikipedia
Manx pound — ISO 4217 code none User(s) Isle of Man (alongside pound sterling) Inflation 3.6% … Wikipedia
Cypriot pound — Λίρα Κύπρου (Greek) Kıbrıs lirası (Turkish) … Wikipedia
New Zealand pound — ISO 4217 code NZP User(s) New Zealand, Cook Islands, Niue, Pitcairn Islands, Tokelau Subunit 1/20 shilling … Wikipedia
Malawian pound — User(s) Malawi Subunit 1/20 shilling 1/240 penny Symbol £ … Wikipedia
Nigerian pound — User(s) Nigeria Subunit 1/20 shilling 1/240 penny Symbol £ … Wikipedia