Libyan pound
| Libyan pound | |
|---|---|
| Country: | Libya |
| Subdivision: | 1000 millièmes |
| ISO 4217 code : | LYP |
| Abbreviation: | LP |
|
Exchange rate : (fixed) |
1 LYP = 1 LYD |
Between 1951 and 1971, the Libyan pound ( Arabic جنيه Junaih ) the currency of the state of Libya . This currency unit was divided into two smaller units: one pound was equal to 100 piastres ( Arabic قرش Qirsch ), a piaster in turn 10 Millièmes ( Arabic مليم Millīm ).
Since Libya was formerly part of the Ottoman Empire , it did not have a separate currency until its independence in 1951. For the city of Tripoli, however, separate coins were issued until the 18th century, ranging from bronze to gold coins.
The Libyan pound was only issued during the reign of King Idris . After its fall in 1971, it was replaced by the Libyan dinar in a ratio of 1: 1 .
A total of eleven different types of coins were minted, which can be divided into two series. The first series shows the monarch's head pointing to the right on the obverse , while the wreathed indication of value is depicted on the lapel , which is elevated by a crown. The coins of 1, 2 and 5 milliémes are made of bronze, those of 1 and 2 piasters are made of a copper-nickel alloy .
The second series shows the coat of arms of the kingdom on the obverse and the value of the coin in both Arabic and French on the reverse . This motif adorns coins of 1, 5, 10, 20, 50 and 100 millièmes, whereby the two least valuable coins are made of an alloy between brass and nickel , the rest of copper-nickel. Aside from the 1 millième coin, these coins have a wavy border.
The coins of the second series remained in use after the currency reform, valued at 1 to 100 dirhams .
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- Günther and Gerhard Schön: World Coin Catalog 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