 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. |
Thedollar (currency codeLRD) has been thecurrency ofLiberia since 1943. It was also the country's currency between 1847 and 1907. It is normally abbreviated with thesign $, or alternativelyL$ orLD$ to distinguish it from otherdollar-named currencies. It is divided into 100cents.
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The first Liberian dollar was issued in 1847. It waspegged to theUS dollar at par and circulated alongside the US dollar until 1907, when Liberia adopted theBritish West African pound, which was pegged tosterling.
In 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.
The Treasury Department issued notes between 1857 and 1880 in denominations of 10 and 50 cents, 1, 2, 3, 5 and 10 dollars.
United 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 byAmerico-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 (primarilyMonrovia), 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 theCharles Taylor government in 1997 a new series of banknotes dated 1999 was introduced on March 29, 2000.
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In 1937, coins were issued in denominations of1⁄2, 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 | .900Silver | 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 ofWilliam 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-cladsteel | 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 PresidentEdward 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 PresidentJoseph J. Roberts; text "REPUBLIC OF LIBERIA"; "TEN DOLLARS" | Map of Liberia; text "LONE STAR FOREVER"; "10" | 2022 | ||
Five-dollar notes were introduced in 1989 which bore the portrait ofJ. 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 harvestingrice | 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 withscooters | Seal of Liberia | 1999 | March 29, 2000 |
 | L$50 | Purple | President Samuel K. Doe | Worker on apalm 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 harvestingrice | 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 withscooters | Seal of Liberia | 2016 | 2016 |
 |  | L$50 | Red | President Samuel K. Doe | Worker on apalm 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 withscooters | Seal of Liberia | 2022 | 2022 | ||
| L$50 | Red | President Samuel K. Doe | Worker on apalm 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 theFlag of Liberia | Hippopotamus and its child | Seal of Liberia | 2022 | 2022 | ||
| L$1,000 | Blue | Sixteen tribal masks of Liberia | Capitol building inMonrovia | Seal of Liberia | 2022 | 2022 | ||
| Current LRD exchange rates | |
|---|---|
| FromGoogle Finance: | AUDCADCHFCNYEURGBPHKDJPYUSDEURJPYUSD |
| FromYahoo! Finance: | AUDCADCHFCNYEURGBPHKDJPYUSDEURJPYUSD |
| FromXE.com: | AUDCADCHFCNYEURGBPHKDJPYUSDEURJPYUSD |
| From OANDA: | AUDCADCHFCNYEURGBPHKDJPYUSDEURJPYUSD |
Media related toMoney of Liberia at Wikimedia Commons
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