The dollar (currency code LRD) has been the currency of Liberia since 1943. It was also the country's currency between 1847 and 1907. It is normally abbreviated with the sign $, or alternatively L$ or LD$ to distinguish it from other dollar-named currencies. It is divided into 100 cents.
 A current $5 banknote | |
| ISO 4217 | |
|---|---|
| Code | LRD (numeric: 430) |
| Subunit | 0.01 |
| Unit | |
| Symbol | $, L$, LD$ |
| Denominations | |
| Subunit | |
| 1⁄100 | cent |
| Banknotes | L$5, L$10, L$20, L$50, L$100, L$500, L$1,000 |
| Coins | 5¢, 10¢, 25¢, 50¢, L$1, L$5, L$10[1] |
| Demographics | |
| User(s) |  Liberia |
| Issuance | |
| Central bank | Central Bank of Liberia |
| Website | cbl |
| Valuation | |
| Inflation | 7.7% |
| Source | The World Factbook , 2015 est. |
First use
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The first Liberian dollar was issued in 1847. It was pegged to the US dollar at par and circulated alongside the US dollar until 1907, when Liberia adopted the British West African pound, which was pegged to sterling.
Coins
editIn 1847 and 1862, copper 1 and 2 cents coins were issued and were the only Liberian coins until 1896, when a full coinage consisting of 1, 2, 10, 25 and 50 cents coins were introduced. The last issues were made in 1906.
Money notes
editThe Treasury Department issued notes between 1857 and 1880 in denominations of 10 and 50 cents, 1, 2, 3, 5 and 10 dollars.
Reintroduction
editUnited States currency replaced the British West African pound in Liberia in 1935.[3] Starting in 1937, Liberia issued its own coins which circulated alongside US currency.
The flight of suitcase-loads of USD paper by Americo-Liberians following the April 12, 1980, coup d'état created a currency shortage. This was remedied by minting of the Liberian $5 coins. The seven-sided coins were the same size and weight as the one-dollar coin; this prevented corrupt members of elite society leaving the country with Liberia's money.
In the late 1980s the coins were largely replaced with a newly designed $5 note modeled on the US greenback ("J. J. Roberts" notes). The design was modified during the 1990-2004 civil war to ostracize notes looted from the Central Bank of Liberia. This effectively created two currency zones—the new "Liberty" notes were legal tender in government-held areas (primarily Monrovia), while the old notes were legal tender in non-government areas. Each was not considered legal in the other territory. Following Charles Taylor's arrival in Monrovia in 1995, the J.J. Robert's bank notes were legally accepted in most parts of Monrovia for purchases. Banking and some majors institutions did not accept the J.J. Robert's bank note as legal tender during this period.
Following the election of the Charles Taylor government in 1997 a new series of banknotes dated 1999 was introduced on March 29, 2000.
Coins
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In 1937, coins were issued in denominations of 1⁄2, 1 and 2 cents. These were augmented in 1960 with coins for 1, 5, 10, 25 and 50 cents. A $1 coin was issued the following year. Five-dollar coins were issued in 1982 and 1985 (see above). According to the 2009 Standard Catalog of World Coins (Krause Publications, Iola, WI), numerous commemorative coins (featuring U.S. Presidents, dinosaurs, Chinese Lunar-Zodiac animals, etc.) in denominations ranging from 1 to 2500 Dollars have been issued beginning in the 1970s through the present.[4]
| Coins of the Liberian dollar | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Image | Value | Technical parameters | Description | Date of first minting | |||||
| Diameter | Thickness | Mass | Composition | Edge | Obverse | Reverse | |||
| 1⁄2 cent | 18 mm | 2.42 g | Brass | Plain/Smooth | Elephant; text "REPUBLIC OF LIBERIA"; star | Palm tree divides ship and sun within circle flanked by stars above date; text "ONE HALF CENT" | 1937 | ||
| 1⁄2 cent | 18 mm | 1.3 mm | 2.50 g | Copper-nickel | Plain/Smooth | Elephant; text "REPUBLIC OF LIBERIA"; star | Palm tree divides ship and sun within circle flanked by stars above date; text "ONE HALF CENT" | 1941 | |
| 1 cent | 25.45 mm | 5.19 g | Brass | Plain/Smooth | Elephant; text "REPUBLIC OF LIBERIA"; star | Palm tree divides ship and sun within circle flanked by stars above date; text "ONE CENT" | 1937 | ||
| 1 cent | 25.45 mm | 1.38 mm | 5 g | Copper-nickel | Plain/Smooth | Elephant; text "REPUBLIC OF LIBERIA"; star | Palm tree divides ship and sun within circle flanked by stars above date; text "ONE CENT" | 1941 | |
| 1 cent | 18 mm | 1.5 mm | 2.6 g | Brass | Plain/Smooth | Elephant; text "REPUBLIC OF LIBERIA"; star | Ship and bird to right of palm tree within 3/4 circle above date; text "THE LOVE OF LIBERTY BROUGHT US HERE"; "ONE CENT" | 1960 | |
| 2 cents | 28 mm | 1.64 mm | 8 g | Brass | Reeded | Elephant; text "REPUBLIC OF LIBERIA"; star | Palm tree divides ship and sun within circle flanked by stars above date; text "TWO CENTS" | 1937 | |
| 2 cents | 29.05 mm | 1.7 mm | 8.24 g | Copper-nickel | Plain/Smooth | Elephant; text "REPUBLIC OF LIBERIA"; star | Palm tree divides ship and sun within circle flanked by stars above date; text "TWO CENTS" | 1941 | |
| 5 cents | 20 mm | 1.6 mm | 4.1 g | Copper-nickel | Plain/Smooth | Elephant; text "REPUBLIC OF LIBERIA"; star | Ship and bird to right of palm tree within 3/4 circle above date; text "THE LOVE OF LIBERTY BROUGHT US HERE"; "FIVE CENTS" | 1960 | |
| 10 cents | 17 mm | 1.16 mm | 2.07 g | .900 Silver | Reeded | Head with headress; text "REPUBLIC OF LIBERIA"; star | Value and date within wreath; text "10 CENTS" | 1960 | |
| 10 cents | 16.5 mm | 1.9 mm | 1 g | Copper-nickel | Reeded | Head with headress; text "REPUBLIC OF LIBERIA"; star | Value and date within wreath; text "10 CENTS" | 1966 | |
| 25 cents | 22.96 mm | 1.45 mm | 5.18 g | .900 Silver | Reeded | Head with headress; text "REPUBLIC OF LIBERIA"; star | Value and date within wreath; text "25 CENTS" | 1960 | |
| 25 cents | 23 mm | 4.8 g | Copper-nickel | Reeded | Head with headress; text "REPUBLIC OF LIBERIA"; star | Value and date within wreath; text "25 CENTS" | 1966 | ||
| 25 cents | 23 mm | 5.2 g | Copper-nickel | Reeded | Portrait of William R. Tolbert Jr.; text "REPUBLIC OF LIBERIA"; stars; "W.R.TOLBERT JR." | Woman with basket of leaves on head; text "GROW MORE FOOD"; "25"; "TWENTY-FIVE CENTS" | 1976 | ||
| 25 cents | 23 mm | 1.76 mm | 4.46 g | Nickel-clad steel | Reeded | Head with headress; text "REPUBLIC OF LIBERIA"; star | Value and date within wreath; text "25 CENTS" | 2000 | |
| 50 cents | 28.5 mm | 10.37 g | .900 Silver | Reeded | Head with headress; text "REPUBLIC OF LIBERIA"; star | Value and date within wreath; text "50 CENTS" | 1960 | ||
| 50 cents | 29 mm | 8.9 g | Copper-nickel | Reeded | Head with headress; text "REPUBLIC OF LIBERIA"; star | Value and date within wreath; text "50 CENTS" | 1966 | ||
| 50 cents | 28.5 mm | 8.9 g | Copper-nickel | Reeded | Portrait of William R. Tolbert Jr.; text "REPUBLIC OF LIBERIA"; stars; "W.R.TOLBERT JR." | Coat of arms of Liberia; text "THE LOVE OF LIBERTY BROUGHT US HERE"; "50"; "FIFTY CENTS" | 1976 | ||
| 50 cents | 29 mm | 2 mm | 9 g | Nickel-clad steel | Reeded | Head with headress; text "REPUBLIC OF LIBERIA"; star | Value and date within wreath; text "50 CENTS" | 2000 | |
| L$1 | 34 mm | 20.74 g | .900 Silver | Reeded | Head with headress; text "REPUBLIC OF LIBERIA"; star | Value and date within wreath; text "ONE DOLLAR" | 1961 | ||
| L$1 | 34 mm | 18 g | Copper-nickel | Reeded | Head with headress; text "REPUBLIC OF LIBERIA"; star | Value and date within wreath; text "ONE DOLLAR" | 1966 | ||
| L$1 | 34 mm | 2.5 mm | 18 g | Copper-nickel | Reeded | Portrait of William R. Tolbert Jr.; text "REPUBLIC OF LIBERIA"; stars; "W.R.TOLBERT JR." | Map of Liberia; text "SELF RELIANCE"; "LIBERIA"; "ONE DOLLAR" | 1976 | |
| L$5 | 33 mm | 14.6 g | Copper-nickel | Plain/Smooth | Coat of arms of Liberia; text "REPUBLIC OF LIBERIA" | Military memorial; text "FIVE DOLLARS"; "5" | 1982 | ||
| L$5 | 20 mm | 3.6 g | Nickel-plated steel | Plain/Smooth | Portrait of President Edward J. Roye; text "REPUBLIC OF LIBERIA"; "FIVE DOLLARS" | Map of Liberia; text "LONE STAR FOREVER"; "5" | 2022 | ||
| L$10 | 23 mm | 4.8 g | Nickel-plated steel | Plain/Smooth | Portrait of President Joseph J. Roberts; text "REPUBLIC OF LIBERIA"; "TEN DOLLARS" | Map of Liberia; text "LONE STAR FOREVER"; "10" | 2022 | ||
Banknotes
editFive-dollar notes were introduced in 1989 which bore the portrait of J. J. Roberts. These were known as "J. J." notes. In 1991, similar notes were issued (see above) which replaced the portrait with Liberia's arms. These were known as "Liberty" notes.
On 29 March 2000, the Central Bank of Liberia introduced a new "unified" currency, which was exchanged at par for "J. J." notes and at a ratio of 1:2 for "Liberty" notes. The new banknotes each feature a portrait of a former president. These notes remain in current use, although they underwent a minor redesign in 2003, with new dates, signatures, and the CENTRAL BANK OF LIBERIA banner on the back.[5]
On 27 July 2016, the Central Bank of Liberia announced new banknotes will be introduced with enhanced security features. All of the denominations are the same as previous issues, with the L$500 banknote being introduced as part of this series.[6] On 6 October 2016, the Central Bank of Liberia introduced new banknotes, as announced.[7]
On 17 November 2021, the Central Bank of Liberia announced a new series of banknotes, omitting the L$5 and L$10 banknotes which have been replaced by coins, along with an entirely new denomination, the L$1000.[8]
| 1999 series | |||||||
|---|---|---|---|---|---|---|---|
| Images | Value | Background color | Description | Date of | |||
| Obverse & reverse | Obverse | Reverse | Watermark | first series | Issue | ||
|
|
L$5 | Red | President Edward J. Roye | Woman harvesting rice | Seal of Liberia | 1999 | March 29, 2000 |
|
L$10 | Blue | President Joseph J. Roberts | Rubber tapper | Seal of Liberia | 1999 | March 29, 2000 |
|
L$20 | Brown | President William V. S. Tubman | Young men by the road with scooters | Seal of Liberia | 1999 | March 29, 2000 |
|
L$50 | Purple | President Samuel K. Doe | Worker on a palm plantation | Seal of Liberia | 1999 | March 29, 2000 |
|
L$100 | Green | President William R. Tolbert Jr. | Market woman and her child | Seal of Liberia | 1999 | March 29, 2000 |
| 2016 series | ||||||||
|---|---|---|---|---|---|---|---|---|
| Images | Value | Background color | Description | Date of | ||||
| Obverse | Reverse | Obverse | Reverse | Watermark | first series | Issue | ||
|
|
L$5 | Purple | President Edward J. Roye | Woman harvesting rice | Seal of Liberia | 2016 | 2016 |
|
|
L$10 | Blue | President Joseph J. Roberts | Rubber tapper | Seal of Liberia | 2016 | 2016 |
|
|
L$20 | Brown | President William V. S. Tubman | Young men by the road with scooters | Seal of Liberia | 2016 | 2016 |
|
|
L$50 | Red | President Samuel K. Doe | Worker on a palm plantation | Seal of Liberia | 2016 | 2016 |
|
|
L$100 | Green | President William R. Tolbert Jr. | Market woman and her child | Seal of Liberia | 2016 | 2016 |
| [9] | L$500 | Violet | Men and woman | Hippopotamus and its child | Seal of Liberia | 2016 | 2016 | |
| 2021–2022 series | ||||||||
|---|---|---|---|---|---|---|---|---|
| Images | Value | Background color | Description | Date of | ||||
| Obverse | Reverse | Obverse | Reverse | Watermark | first series | Issue | ||
| L$20 | Brown | President William V. S. Tubman | Young men by the road with scooters | Seal of Liberia | 2022 | 2022 | ||
| L$50 | Red | President Samuel K. Doe | Worker on a palm plantation | Seal of Liberia | 2022 | 2022 | ||
| L$100 | Green | President William R. Tolbert Jr. | Market woman and her child | Seal of Liberia | 2021 | 2021 | ||
| L$500 | Violet | Seven female designers of the Flag of Liberia | Hippopotamus and its child | Seal of Liberia | 2022 | 2022 | ||
| L$1,000 | Blue | Sixteen tribal masks of Liberia | Capitol building in Monrovia | Seal of Liberia | 2022 | 2022 | ||
See also
editExchange rate
edit| Current LRD exchange rates | |
|---|---|
| From Google Finance: | AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USD |
| From Yahoo! Finance: | AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USD |
| From XE.com: | AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USD |
| From OANDA: | AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USD |
References
edit- ^ , Currency from the Central Bank of Liberia Archived 2006-05-27 at the Wayback Machine. Accessed 2008/03/19
- ^ Cuhaj, George S. (2010). Standard Catalog of World Paper Money General Issues (1368-1960) (13 ed.). Krause Publications. p. 801. ISBN 978-1-4402-1293-2.
- ^ "Tables of Modern Monetary Systems". 6 May 2006. Archived from the original on 6 May 2006. Retrieved 17 July 2017.
- ^ A complete list of the coins of Liberia Numista (https://en.numista.com). Retrieved on 2020-11-23.
- ^ Linzmayer, Owen (2012). "Liberia". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.
- ^ "Liberia reported to issue new banknote family "shortly" | Banknote News". www.banknotenews.com. Retrieved 17 July 2017.
- ^ "New Liberian Dollar Banknotes Released". cbl.org.lr. Retrieved 17 July 2017.
- ^ "CBL Engages Public On Launch of New L$100 Banknotes | Central Bank of Liberia". www.cbl.org.lr. Retrieved 2022-09-27.
- ^ Liberia 500 Dollars
- Krause, Chester L.; Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501.
- Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. ISBN 0-87341-207-9.
External links
edit
Media related to Money of Liberia at Wikimedia Commons- Liberian banknotes (archived 14 June 2007)
- Liberian banknotes on BanknoteNews
