The Libyan Pound (LYD) is the official currency of Libya. It was introduced in 1971, replacing the previous currency, the Libyan dinar. The pound is subdivided into 1,000 dirhams and is issued by the Central Bank of Libya. The currency symbol for the Libyan Pound is "ل.د" and it is used in both banknotes and coins. The value of the Libyan Pound can fluctuate due to economic conditions, including factors like oil prices and political stability in the region.