The lira was the military currency of the British zone of occupation (later Mandate Territory) in Libya

Libya

Libya is an African country in the Maghreb region of North Africa bordered by the Mediterranean Sea to the north, Egypt to the east, Sudan to the southeast, Chad and Niger to the south, and Algeria and Tunisia to the west....

 between 1943 and 1951. It was issued by the "Military Authority in Tripolitania

Tripolitania

Tripolitania or Tripolitana is a historic region and former province of Libya.Tripolitania was a separate Italian colony from 1927 to 1934...

", known popularly as "MAL" and circulated together with the Italian lira

Italian lira

The lira was the currency of Italy between 1861 and 2002. Between 1999 and 2002, the Italian lira was officially a “national subunit” of the euro...

 at par. This situation reflected that of Italy, where the AM-lira

AM-lira

The AM-lira was the currency issued in Italy by AMGOT after the invasion of Sicily in 1943. 100 AM-lire worth as 1 US dollar.-History:...

 was minted by the United States

United States

The United States of America is a federal constitutional republic comprising fifty states and a federal district...

. The Tripolitanian and the Italian lira were replaced in 1951 by the Libyan pound

Libyan pound

The Libyan pound was the currency of Libya between 1951 and 1971. The pound was divided into 100 piastres and 1000 milliemes .- History :...

at a rate of 1 pound = 480 lire.

Paper Money

No coins were issued for this currency, old Italian coins theorically being still circulating, although heavily devalued. Notes were issued in denominations of 1, 2, 5, 10, 50, 100, 500 and 1000 lire.