Historic Libyan dinar Nigerian Naira

Libyan dinar nigerian naira history for February 2024. The highest quote for this month is 339.22 (29/02/2024) and the lowest 334.02 (23/02/2024). The difference between high and low is 1.53.

LYD NGN average rate for February 2024 is 305.19778, the change between 01/02/2024 and 29/02/2024 is -36.64 %.

01 February 20241 LYD = 248.8 NGN
02 February 20241 LYD = 248.9 NGN
03 February 20241 LYD = 293.4 NGN
04 February 20241 LYD = 293.0 NGN
05 February 20241 LYD = 246.0 NGN
06 February 20241 LYD = 291.4 NGN
07 February 20241 LYD = 293.8 NGN
08 February 20241 LYD = 294.1 NGN
09 February 20241 LYD = 290.9 NGN
12 February 20241 LYD = 306.9 NGN
13 February 20241 LYD = 312.5 NGN
14 February 20241 LYD = 314.3 NGN
15 February 20241 LYD = 313.9 NGN
16 February 20241 LYD = 314.0 NGN
17 February 20241 LYD = 308.6 NGN
18 February 20241 LYD = 308.6 NGN
19 February 20241 LYD = 309.7 NGN
20 February 20241 LYD = 310.3 NGN
21 February 20241 LYD = 333.2 NGN
22 February 20241 LYD = 333.3 NGN
23 February 20241 LYD = 334.0 NGN
24 February 20241 LYD = 308.8 NGN
25 February 20241 LYD = 308.8 NGN
26 February 20241 LYD = 334.8 NGN
27 February 20241 LYD = 320.3 NGN
28 February 20241 LYD = 328.2 NGN
29 February 20241 LYD = 339.9 NGN

20/03/2020: Impact of COVID-19 Pandemic

The outbreak of the COVID-19 pandemic resulted in a significant decline in oil prices, affecting Nigeria's economy and putting pressure on the Naira's exchange rate.

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.

20/06/2016: Adoption of Flexible Exchange Rate Policy

The Central Bank of Nigeria adopted a flexible exchange rate policy, allowing the Naira to float freely against other currencies based on market forces.

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.

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.

29/05/1999: Transition to Democratic Governance

Nigeria transitioned to democratic governance, leading to economic reforms and stability, positively affecting the value and management of the Naira currency.

12/06/1993: Introduction of the Third Nigerian Naira

The third Nigerian Naira (NGN) was introduced after the country's return to civilian rule following years of military regimes.

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.

31/12/1984: Implementation of the Structural Adjustment Program

The Nigerian government implemented the Structural Adjustment Program, leading to a significant devaluation of the Naira and the adoption of a floating exchange rate.

01/07/1979: Adoption of the Second Nigerian Naira

The second Nigerian Naira (NGN) was introduced following the adoption of a new constitution and the country's transition to civilian rule.

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.

01/07/1973: Introduction of decimal currency

The Nigerian Naira was introduced as the official currency of Nigeria, replacing the pound sterling with a decimal currency system.

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.

24/12/1951: Independence of Libya

Libya gains independence from Italy, introducing the Libyan pound as its currency.
LYD NGN January 2024
LYD NGN February 2024
LYD NGN March 2024
LYD NGN April 2024
LYD NGN May 2024
LYD NGN June 2024
LYD NGN July 2024
LYD NGN August 2024
LYD NGN September 2024
LYD NGN October 2024
LYD NGN November 2024
LYD NGN December 2024
LYD NGN January 2025