Convert Bitcoin to Libyan Dinar
Please provide values below to convert Bitcoin [BTC] to Libyan Dinar [LYD], or Convert Libyan Dinar to Bitcoin.
How to Convert Bitcoin to Libyan Dinar
1 BTC = 1.55672605943185e-06 LYD
Example: convert 15 BTC to LYD:
15 BTC = 15 × 1.55672605943185e-06 LYD = 2.33508908914778e-05 LYD
Bitcoin to Libyan Dinar Conversion Table
| Bitcoin | Libyan Dinar |
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Bitcoin
Bitcoin (BTC) is a decentralized digital currency that enables peer-to-peer transactions without the need for a central authority or intermediary.
History/Origin
Bitcoin was created in 2009 by an anonymous person or group known as Satoshi Nakamoto, introducing blockchain technology to ensure secure and transparent transactions. It was the first cryptocurrency and sparked the development of numerous other digital currencies.
Current Use
Bitcoin is widely used for online purchases, investment, remittances, and as a store of value. It is also accepted by some merchants and businesses worldwide and is increasingly integrated into financial markets and services.
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.