About the Liberian Dollar
The first Liberian dollar was issued in 1847. The current dollar was introduced in 1943. For much of its history, it has circulated alongside the U.S. dollar, which is also legal tender in Liberia.
The name 'Dollar' was adopted from the currency of the United States, reflecting Liberia's historical ties to the U.S.
Interesting Facts
A Dual-Currency System
Liberia operates a dual-currency system where both the Liberian Dollar and the U.S. Dollar are legal tender, with the USD often preferred for large transactions.
Portraits of Presidents
Liberian banknotes feature portraits of former presidents, such as Joseph Jenkins Roberts, Liberia's first president.
Post-War Reconstruction
The currency's history is deeply marked by the country's two civil wars, with post-war efforts focused on stabilizing the dollar and rebuilding the economy.
Historical Timeline
Liberia is founded; the first Liberian Dollar is issued.
The current Liberian dollar is introduced, pegged to the U.S. dollar.
Two devastating civil wars cause economic collapse and high inflation.
A new series of banknotes is issued to replace old, worn-out notes from the war period.
Denominations
Banknotes
Security Features
Quick Facts
- ISO Code
- LRD
- Symbol
- L$
- Numeric Code
- 430
- Subunit
- Cent (1/100)
- Introduced
- 1943-01-01
Central Bank
- Name
- Central Bank of Liberia
- Headquarters
- Monrovia, Liberia
- Founded
- 1999
- Current Governor
- J. Aloysius Tarlue, Jr. (since 2019)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 11.1%
- Interest Rate
- 20.0%
Exchange Rates
What Affects the LRD Exchange Rate?
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