Convert Libyan Dinar to Nigerian Naira
Convert Libyan Dinar (LYD) to Nigerian Naira (NGN) using daily updated exchange rates.
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Exchange Rate
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About Libyan Dinar
The Libyan Dinar (LYD) is the official currency of Libya, one of Africa's largest oil producers with proven reserves among the continent's largest. Introduced in 1971 to replace the Libyan pound, the dinar operates under a fixed official exchange rate managed by the Central Bank of Libya. Libya's monetary system has been significantly disrupted by the ongoing political instability and civil conflict that began in 2011 with the fall of Muammar Gaddafi's government. There have at times been two competing central banks issuing currency.
About Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, Africa's most populous country and largest economy by GDP. Introduced in 1973 to replace the Nigerian pound, the naira has experienced severe long-term depreciation relative to major currencies. The Central Bank of Nigeria (CBN) manages monetary policy. Nigeria is a major oil producer - crude oil and natural gas account for the vast majority of government revenues and export earnings. The economy has faced structural challenges including dependence on oil, inflation, currency shortages, and foreign exchange controls.
Quick Reference Table
| Libyan Dinar (LYD) | Nigerian Naira (NGN) |
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).