Libyan pound

1 LYP = 1 LYD

Between 1951 and 1971 the Libyan pound (Arabic جنيه ) was the currency of the country of Libya. This monetary unit has been divided into two smaller units: a pound corresponded to 100 piastres (Arabic جنيه ), a 10 piastres turn MILLIEMES (Arabic مليم ).

As Libya was formerly part of the Ottoman Empire, it had until its independence in 1951 no independent currency. However, their own coins were issued for the city of Tripoli to the 18th century, ranging from bronze to gold coins.

The Libyan pound was issued only during the reign of King Idris. After his overthrow, it was in 1971 replaced by the Libyan Dinar on a 1:1 basis.

A total of eleven different types of coins were minted, which can be divided into two series. The first series of shows on the obverse the head pointing to the right of the monarch on the lapel of the wreathed value indication is shown, which is surmounted by a crown. The coins of 1, 2 and 5 MILLIEMES are made of bronze, to 1 and 2 piastres from a copper -nickel alloy.

The second series is on the front of the coat of arms of the kingdom, on the back of the coin value is listed in both Arabic and French. This motif adorns coins of 1, 5, 10, 20, 50 and 100 MILLIEMES, the two least significant imprints of an alloy between brass and nickel, the other of copper-nickel exist. Apart from the coin to 1 Millieme these coins have a wavy outline.

The coins of the second series remained after the currency reform in value from 1 to 100 dirham in use.

Swell

• Gunther and Gerhard Schön: World Coin 20-21. Century, 1900-2004, 34th edition; Battenberg Verlag, 2005
• Chester L. Krause and Clifford Mishler Standard Catalog of World Coins 18th Century, 1701-1800, 3rd edition; Krause Publications, 2002

• Historical Currency Unit ( Africa)
• National Symbol (Libya)
• Economy (Libya)