LRD (L$)

Currency: Liberian Dollar

The Liberian dollar is the official currency of Liberia. It is subdivided into 100 cents. The dollar was introduced in 1847, replacing the British West African pound. The Liberian Dollar is the official currency of Liberia. It was introduced in 1940, replacing the old Liberian dollar. The currency is issued by the Central Bank of Liberia and is subdivided into 100 cents. The dollar has been subject to high inflation, and the government has had to issue new banknotes in higher denominations to keep up with the rising cost of living. Despite this, the dollar remains an important currency in the region.