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Encyclopedia > Liberian dollar

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 dollar sign $, or alternatively L$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents. 1943 (MCMXLIII) was a common year starting on Friday (the link is to a full 1943 calendar). ... 1847 was a common year starting on Friday (see link for calendar). ... 1907 (MCMVII) was a common year starting on Tuesday (see link for calendar) of the Gregorian calendar (or a common year starting on Wednesday of the 13-day-slower Julian calendar). ... $ The dollar sign is a symbol primarily used to indicate a unit of currency. ... The dollar (represented by the dollar sign: $) is the name of the official currency in several countries, dependencies and other regions. ... A two cent euro coin A United States cent In currency, the cent is a monetary unit that equals th of the basic unit of value. ...


History

19th Century Liberian dollar
19th Century Liberian dollar

The first Liberian dollars were issued in 1847. These were pegged to the US dollar and circulated until 1907, when Liberia adopted the West African pound, which was pegged to sterling. United States currency replaced the West African pound in Liberia in 1943 and circulated alone until 1960, when Liberia began issuing its own dollar once more, though initially only in coins. Image File history File links Liberiancurrency. ... Image File history File links Liberiancurrency. ... A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currencys value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. ... The United States dollar is the official currency of the United States. ... The West African Pound is a Pound form of currency that was used in several countries in West Africa. ... GBP redirects here. ...


Liberia augmented American coins and notes with its own coins of 1¢, 2¢, 5¢, 10¢, 25¢, 50¢ and L$1. The flight of suitcase-loads of USD paper in the economic collapse following the April 12, 1980 coup d'état created a currency shortage, which was only exacerbated when the government began minting $5 coins. Unfortunately the 7-sided coins were the same size and weight as the one-dollar coin; this similarity was frequently abused by traders. Motto: The love of liberty brought us here Anthem: All Hail, Liberia, Hail! Capital Monrovia Largest city Monrovia Official language(s) English Government - President - Vice-President Republic Ellen Johnson-Sirleaf Joseph Boakai Founded - Date By the ACS 26 July 1847 Area  - Total    - Water (%)   96,320 km² (102nd) 37,180 sq...


In the late 1980s the coins were largely replaced with a newly-designed $5 bill modeled after the USD greenback. The design was modified during the 1990-2004 civil war to ostracize bills looted from the Central Bank of Liberia. This effectively created two currency zones -- the new bills were legal tender in government-held areas (primarily Monrovia), while the old bills were legal tender in non-government areas. Each was of course illegal in the other territory.


With the election of the Charles Taylor government in 1997 a new series of bills were printed in denominations of $5, $10, $20, $50, and $100, and are in current use.


Current LRD exchange rates

On last update (June 7, 2006), the rate was
1 USD = L$ 49
1 euro = L$ 62.8836
1 JPY = L$ 0.433388
edit this exchange rate
Use Yahoo! Finance: AUD, BRL, CAD, CNY, EUR, GBP, INR, JPY, MXN, RUB, USD
Use XE.com:            AUD, BRL, CAD, CNY, EUR, GBP, INR, JPY, MXN, RUB, USD The United States dollar is the official currency of the United States. ... The euro (plural euro--but note linguistic issues concerning the euro, symbol: €; banking code: EUR) is the official currency of the European Union and single currency for over 300 million Europeans in the following twelve European Union member states: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands... A 1,000 yen note, featuring the portrait of Natsume Soseki. ...


External links

Currencies of Africa edit this box
North Algerian dinar | Egyptian pound | Libyan dinar | Mauritanian ouguiya | Moroccan dirham | Sudanese dinar | Tunisian dinar
Central Angolan kwanza | Burundian franc | Central African CFA franc (Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon) | Congolese franc | Rwandan franc
West Cape Verdean escudo | Gambian dalasi | Ghanaian cedi | Guinean franc | Liberian dollar | Nigerian naira | São Tomé and Príncipe dobra | Sierra Leonean leone | West African CFA franc (Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo)
East Comorian franc | Djiboutian franc | Eritrean nakfa | Ethiopian birr | Kenyan shilling | Seychelles rupee | Somali shilling | Somaliland shilling | Tanzanian shilling | Ugandan shilling
South Botswana pula | Euro (Réunion) | Lesotho loti | Malawian kwacha | Malagasy ariary | Mauritian rupee | Mozambican metical | Namibian dollar | Saint Helena pound | South African rand | Swazi lilangeni | Zambian kwacha | Zimbabwean dollar

  Results from FactBites:
 
Calculator for Liberian Dollar (LRD) Currency Exchange Rate Conversion (312 words)
Enter the amount to be converted in the box to the left of the currency and press the "convert" button.
The Liberian Dollar is divided into 100 cents.
For example, US Dollars are rounded to the penny and New Zealand Dollars are rounded to the nickel.
Liberian dollar - Wikipedia, the free encyclopedia (373 words)
It is normally abbreviated with the dollar sign $, or alternatively L$ to distinguish it from other dollar-denominated currencies.
The first Liberian dollars were issued in 1847.
These were pegged to the US dollar and circulated until 1907, when Liberia adopted the West African pound, which was pegged to sterling.
  More results at FactBites »


 

COMMENTARY     

Jennifer (New York)
12th February 2009
good but show what the presidents are in The Liberian dollar.

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