Libyan pound

Libyan half pound, with the portrait of King Idris of Libya

The Libyan pound (Arabic جنيه, junieh) was the currency of Libya between 1951 and 1971. The pound was divided into 100 piastres (قرش, qirsh) and 1000 milliemes (مليم).

History

When Libya was a part of the Ottoman Empire, the country used the Ottoman qirsh (XOTP), issuing some coins locally until 1844. When Italy took over the country in 1911, the Italian lira was introduced. In 1943, Libya was split into French and British mandate territories. Algerian francs were used in the French mandate, whilst Tripolitanian lira issued 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. The pound was replaced, at par, by the dinar in 1971 following the Libyan Revolution of 1969.

Coins

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.

Banknotes

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.

References

Currencies named pound or similar

Current	Pound sterling: (Alderney pound • Falkland Islands pound • Gibraltar pound • Guernsey pound • Jersey pound • Manx pound • Saint Helena pound) Egyptian pound Lebanese pound South Sudanese pound Sudanese pound Syrian pound Turkish lira

Local alternative currency	Bristol Pound Brixton Pound Lewes Pound Stroud Pound Totnes Pound

Defunct	Anglo-Saxon pound Australian pound Bahamian pound Bermudian pound Biafran pound British West African pound Canadian pound Connecticut pound Cypriot pound Delaware pound Fijian pound French livre:(Livre parisis • Livre tournois) French colonial livre: (Guadeloupe livre • Haitian livre • New France livre • Saint Lucia livre) Gambian pound Georgia pound Ghanaian pound Irish pound Israeli pound Italian lira Jamaican pound Japanese government-issued Oceanian Pound Libyan pound Lombardo-Venetian pound Luccan pound Luxembourgish livre Malawian pound Maltese pound Maltese lira Maryland pound Massachusetts pound New Brunswick pound New Guinean pound New Hampshire pound New Jersey pound New York pound New Zealand pound Newfoundland pound Nigerian pound North Carolina pound Nova Scotian pound Oceanian pound Ottoman lira Palestine pound Papal lira Parman lira Pennsylvania pound Pound Scots Prince Edward Island pound Rhode Island pound Rhodesian pound Rhodesia and Nyasaland pound Sammarinese lira Sardinian lira Solomon Islands pound South Carolina pound Southern Rhodesian pound South African pound South African Republic pound South West African pound Tongan pound Tuscan pound Vatican lira Virginia pound West Indian pound Western Samoan pound Zambian pound

See also	Dinar Pound sign Troy pound

This article is issued from Wikipedia - version of the 10/16/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.