LIBERIA

(LBP) Currency News >>

CURRENCY:

Liberian Dollar - LRD, Symbol L$

DENOMINATIONS:

NOTE: L$100, 50, 20, 10 and 5.

COIN: L$1 and 50, 25, 10 and 5 cents.

US dollars notes are also in circulation; the Liberian Dollar is connected to the USD.

US DOLLAR ACCEPTED?

Yes, widely

CREDIT/DEBIT CARDS AND ATMS:

Credit cards are not generally accepted so it is best to use cash.

CURRENCY EXCHANGE:

Money exchange services are available at the Liberia Bank for Development and Investment.

TRAVELLER'S CHEQUES:

Not recommended - these are not accepted in general.

BANKING HOURS:

Mon-Thurs 0900-1200 Fri 0800-1400 Note there are banks which open on Saturdays.

CURRENCY RESTRICTIONS:

N/A

COUNTRY OVERVIEW:

Liberia is officially called the Republic of Liberia and is located in West Africa off the coast. The country was originally a colony created for the freed slaves of the USA, who became the new government of Liberia, based upon that of the US. The government was overthrown in 1980 through a military coup and since then there was been great unrest in the country. The capital is Monrovia and the official language is English.

POPULATION:

Around 3.5 million.

ECONOMY:

The economy was devastated through its long period of civil war. Diamond exploitation featured during the war - the country became a major trader in "blood diamonds". There was a ban on Liberian diamond exports enforced by the UN but this was lifted in 2007. The country is now trying to stabilize its infrastructure and economy.