Glossary: LD
DEFINITION:
Libyan dinar. Unit of currency since September 1, 1971, replacing the Libyan pound. At the beginning of 1987 LD1 was valued at US$3.38; reciprocal exchange rate approximately LD0.29 per US$1. The rate of exchange has been stable since February 1973. The Libyan dinar is divided into 1,000 dirhams.