Definition

1. Noun:
   • The basic unit of money in Libya: The "libyan dinar" is the official currency of Libya. It is subdivided into 1000 dirhams.

Usage

• The "libyan dinar" is used as a medium of exchange, a unit of account, and a store of value within Libya.
• It is typically used in financial contexts, such as discussing prices, salaries, trade, and economic reports related to Libya.

Examples

• Noun:
  • The price of bread is five Libyan dinars.
  • He exchanged his euros for Libyan dinars at the bank.
  • The country's budget is calculated in billions of Libyan dinars.

Advanced Usage

• "pegged to": The value of the Libyan dinar has historically been pegged to special drawing rights (SDRs) or other major currencies.
  • The Libyan dinar was once pegged to the IMF's Special Drawing Rights.

Variants and Related Words

• Dinar (n): A monetary unit used in several countries, including Algeria, Iraq, Jordan, and Tunisia. The Libyan dinar is a specific instance.
• LYD (n): The ISO 4217 currency code for the Libyan dinar, used in international finance and banking.
  • The transfer was made for 10,000 LYD.

Synonyms

• Currency: The system of money used in a particular country.
• Monetary unit: A standard unit of value of a country's currency.

Related Phrases

• Libyan dinar banknote: A paper bill representing a specific value of the currency.
  • He paid with a twenty Libyan dinar banknote.
• Libyan dinar coin: A metal piece representing a fractional value of the currency.
  • The fare is one dinar and fifty dirhams; you'll need coins.

Noun

1. the basic unit of money in Libya