Convert Moroccan Dirham to Libyan Dinar
Please provide values below to convert Moroccan Dirham [MAD] to Libyan Dinar [LYD], or Convert Libyan Dinar to Moroccan Dirham.
How to Convert Moroccan Dirham to Libyan Dinar
1 MAD = 1.65959837877671 LYD
Example: convert 15 MAD to LYD:
15 MAD = 15 × 1.65959837877671 LYD = 24.8939756816507 LYD
Moroccan Dirham to Libyan Dinar Conversion Table
| Moroccan Dirham | Libyan Dinar |
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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.
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.