Historic Libyan dinar Burmese kyat

Libyan dinar burmese kyat history for September 2023. The highest quote for this month is 434.31 (04/09/2023) and the lowest 434.41 (01/09/2023). The difference between high and low is -0.02.

LYD MMK average rate for September 2023 is 430.76417, the change between 01/09/2023 and 30/09/2023 is +0.98 %.

01 September 20231 LYD = 433.6 MMK
04 September 20231 LYD = 434.3 MMK
05 September 20231 LYD = 434.3 MMK
06 September 20231 LYD = 434.2 MMK
07 September 20231 LYD = 431.1 MMK
08 September 20231 LYD = 429.5 MMK
11 September 20231 LYD = 430.8 MMK
12 September 20231 LYD = 430.8 MMK
13 September 20231 LYD = 432.4 MMK
14 September 20231 LYD = 432.5 MMK
15 September 20231 LYD = 431.4 MMK
18 September 20231 LYD = 431.3 MMK
19 September 20231 LYD = 429.6 MMK
20 September 20231 LYD = 428.8 MMK
21 September 20231 LYD = 429.8 MMK
22 September 20231 LYD = 430.8 MMK
23 September 20231 LYD = 430.6 MMK
24 September 20231 LYD = 430.6 MMK
25 September 20231 LYD = 429.2 MMK
26 September 20231 LYD = 428.5 MMK
27 September 20231 LYD = 427.8 MMK
28 September 20231 LYD = 429.2 MMK
29 September 20231 LYD = 427.9 MMK
30 September 20231 LYD = 429.3 MMK

22/02/2021: Kyat's Depreciation Challenges

The Burmese kyat faced significant depreciation and instability due to political turmoil and the military coup in Myanmar.

06/09/2018: Announcement of new dinar notes

The Central Bank of Libya announces the release of new dinar banknotes with enhanced security features to combat counterfeiting.

23/04/2015: Foreign Exchange Market Liberalization

Restrictions on foreign exchange were lifted, allowing a more liberalized foreign exchange market in Myanmar.

28/07/2014: Recognition of rival governments

The Libyan Supreme Court recognizes two rival governments, further fragmenting the country and impacting the value of the dinar.

02/04/2012: Managed Float Regime Implemented

The Burmese government adopted a managed float exchange rate regime, allowing the kyat to fluctuate based on market forces.

17/02/2011: Start of the Libyan Civil War

The Libyan Civil War begins, leading to political instability and further devaluation of the Libyan dinar.

01/04/1990: Foreign Exchange Certificates Introduced

Foreign Exchange Certificates (FECs) were introduced as a parallel currency to stabilize the economy and control the black market.

01/09/1987: Second Kyat Revalued

Due to hyperinflation, the Burmese kyat was again revalued, with 1 kyat replacing 10 new kyats.

07/04/1986: US imposes economic sanctions

The United States imposes economic sanctions on Libya, severely impacting the value and stability of the Libyan dinar.

02/03/1978: Establishment of the Central Bank of Libya

The Central Bank of Libya is established, becoming the sole authority responsible for issuing and managing the Libyan dinar.

08/09/1971: Introduction of the Libyan dinar

The Libyan pound is replaced by the Libyan dinar, at a rate of 1 dinar = 1 pound.

01/12/1964: Kyat Revalued

The Burmese kyat underwent a major revaluation, with 1 new kyat replacing 100 old kyats to combat inflation.

01/07/1952: Kyat Introduced

The Burmese kyat was first introduced as the official currency of Burma, replacing the Indian rupee at an exchange rate of 1 kyat = 1 rupee.

24/12/1951: Independence of Libya

Libya gains independence from Italy, introducing the Libyan pound as its currency.
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