How Lovet improved payment speed and cashflow planning with Instarem
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The Libyan Dinar (LYD) is the official currency of Libya, managed by the Central Bank of Libya. Introduced in 1971, it replaced the Libyan pound. Despite Libya’s vast oil reserves, political instability and conflict have led to exchange rate fluctuations and a parallel market. The Libyan Dinar is a key currency in North Africa, with state revenues heavily dependent on oil exports.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
If you cannot find the location you would like to send to, it means we currently do not support transfers to that destination, but we are working on it! Do come back and check again as we are continuously updating our services.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.