Tripolitanian lira explained

Local Name1:ليره
Local Name Lang1:ar
Local Name2:lira tripolitana
Local Name Lang2:it
Image 1:5 Tripolitanian lira note.jpg
Image Title 1:Tripolitanian 5 lire note
Using Countries:None, previously:
BMA/BA Tripolitania (1943-1951)
Tripolitania Province, Kingdom of Libya (1951-1952)
Pegged With:£1 sterling = 480 MAL
Subunit Name 1:cent
Symbol:MAL
Plural:lire
Used Coins:circulating coins of the Italian lira
Used Banknotes:1 MAL, 2 MAL, 5 MAL, 10 MAL, 50 MAL, 100 MAL, 500 MAL, 1,000 MAL
Issuing Authority:Military Authority in Tripolitania
Obsolete:yes
Replaced By Currency:Libyan pound

The lira (plural: lire, abbreviation: MAL), officially known as the Military Authority Lira, was the currency of the British zone of occupation (later Mandate Territory) in Libya between 1943 and 1951, and of the province of Tripolitania until early 1952. It was issued by the Military Authority in Tripolitania and circulated together with the Italian lira at par. This situation reflected that of Italy, where the AM-lira was minted by the United States. The Tripolitanian and the Italian lira were replaced in early 1952 by the Libyan pound at a rate of £L1 = 480 MAL.[1]

Paper money

No coins were issued for this currency, with old Italian coins still circulating, although heavily devalued. The 50 centesimo piece for example was worth just a quarter of a penny. Notes were issued in denominations of 1 lira and 2, 5, 10, 50, 100, 500 and 1,000 lire.

Notes and References

  1. http://www.revrevd.com/libya-kingdom-regional-issues.html Libya: Kingdom regional issues (1951-1969).