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Easily convert LYD to IRR with ConvertOnline's efficient tool.
The Libyan Dinar (LYD) is the official currency of Libya, introduced in 1971 to replace the Libyan pound. It is subdivided into 1,000 dirhams and is used as a medium of exchange for goods and services within the country. The dinar operates under the regulation of the Central Bank of Libya and plays a crucial role in the country's economy.
The Iranian Rial (IRR) is the official currency of Iran, used for all transactions within the country. It is subdivided into smaller units called 'dinar,' although the dinar is rarely used in practice due to the high inflation and devaluation of the rial over the years.