🇱🇷Liberian Dollar (LRD)
Liberia has used a dollar-denominated currency since the 19th century, reflecting its founding by freed American settlers, and the modern Liberian dollar has floated against the US dollar since the 1990s civil conflict disrupted the earlier fixed exchange rate. Liberia today runs an unusual dual-currency system in which the US dollar circulates freely alongside the Liberian dollar for many transactions, particularly larger purchases and in urban areas.
LRD ⇄ USD Converter
History
Liberia has used a dollar-denominated currency since the 19th century, reflecting its founding by freed American settlers, and the modern Liberian dollar has floated against the US dollar since the 1990s civil conflict disrupted the earlier fixed exchange rate. Liberia today runs an unusual dual-currency system in which the US dollar circulates freely alongside the Liberian dollar for many transactions, particularly larger purchases and in urban areas.
Denominations
Liberian Dollar banknotes commonly circulate in these denominations:
- 5, 10, 20 Liberian dollars — common notes for everyday transactions
- 50, 100 Liberian dollars — mid-value notes
- 500 Liberian dollars — a higher-value note introduced in more recent years
Frequently Asked Questions
What is the currency symbol for the Liberian dollar?
The Liberian dollar's symbol is L$, distinguishing it from the US dollar (US$). Its ISO 4217 currency code is LRD.
Is the US dollar used in Liberia?
Yes, extensively. Liberia operates a dual-currency system where US dollars circulate alongside Liberian dollars, especially for larger purchases and in Monrovia and other urban centers.
Why does Liberia use two currencies?
The dual system dates back to disruptions during Liberia's civil conflicts in the 1990s and 2000s, after which US dollar use became deeply embedded in the economy alongside the local currency.
Where can I see rates for other African currencies?
Check the full currency directory on the African Currencies homepage, which covers all 54 African countries.