Convert Libyan Dinar to Moroccan Dirham
Please provide values below to convert Libyan Dinar [LYD] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to Libyan Dinar.
How to Convert Libyan Dinar to Moroccan Dirham
1 LYD = 0.602555421111642 MAD
Example: convert 15 LYD to MAD:
15 LYD = 15 × 0.602555421111642 MAD = 9.03833131667462 MAD
Libyan Dinar to Moroccan Dirham Conversion Table
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Libyan Dinar
The Libyan Dinar (LYD) is the official currency of Libya, used for all monetary transactions within the country.
History/Origin
The Libyan Dinar was introduced in 1971, replacing the Libyan Pound at par, and has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the LYD is actively used in Libya for everyday transactions, banking, and international trade, with the Central Bank of Libya managing its issuance and regulation.
Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.