Currency - Liberian dollar

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Liberian dollar

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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 $, or alternatively L$ or LD$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.

The first Liberian dollar was issued in 1847. It was pegged to the US dollar at par and circulated alongside the US dollar until 1907, when Liberia adopted the British West African pound, which was pegged to sterling.

In 1847, 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. Starting in 1937, Liberia issued its own coins which circulated alongside US currency.

The flight of suitcase-loads of USD paper by Americo-Liberian following the April 12, 1980 coup d'état created a currency shortage. This was remedied by minting of the Liberian $5 coins. The 7-sided coins were the same size and weight as the one-dollar coin; this prevented corrupted members of the Elite society leaving with 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 (primarily Monrovia), while the old notes were legal tender in non-government areas. Each was of course illegal in the other territory. Following Charles Taylor arrival in monrovia,the capital, 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 the Charles Taylor government in 1997 a new series of banknotes dated 1999 was introduced on March 29, 2000.

Country

Liberia

Liberia, officially the Republic of Liberia, is a country on the West African coast. It is bordered by Sierra Leone to its northwest, Guinea to its north, Ivory Coast to its east, and the Atlantic Ocean to its south-southwest. It covers an area of 111369 km2 and has a population of around 4,700,000 people. English is the official language and over 20 indigenous languages are spoken, representing the numerous ethnic groups who make up more than 95% of the population. The country's capital and largest city is Monrovia.

Liberia began as a settlement of the American Colonization Society (ACS), who believed black people would face better chances for freedom and prosperity in Africa than in the United States. The country declared its independence on July 26, 1847. The U.S. did not recognize Liberia's independence until February 5, 1862, during the American Civil War. Between January 7, 1822, and the American Civil War, more than 15,000 freed and free-born black people who faced legislated limits in the U.S., and 3,198 Afro-Caribbeans, relocated to the settlement. The black settlers carried their culture and tradition with them to Liberia. The Liberian constitution and flag were modeled after those of the U.S. On January 3, 1848, Joseph Jenkins Roberts, a wealthy, free-born African American from Virginia who settled in Liberia, was elected as Liberia's first president after the people proclaimed independence.

Language

Liberian dollar (English)  Dollaro liberiano (Italiano)  Liberiaanse dollar (Nederlands)  Dollar libérien (Français)  Liberianischer Dollar (Deutsch)  Dólar liberiano (Português)  Либерийский доллар (Русский)  Dólar liberiano (Español)  Dolar liberyjski (Polski)  賴比瑞亞元 (中文)  Liberiansk dollar (Svenska)  リベリア・ドル (日本語)  Ліберійський долар (Українська)  Либерийски долар (Български)  라이베리아 달러 (한국어)  Liberian dollari (Suomi)  Dolar Liberia (Bahasa Indonesia)  Liberijos doleris (Lietuvių)  Liberiansk dollar (Dansk)  Liberya doları (Türkçe)  Либеријски долар (Српски / Srpski)  Libériai dollár (Magyar)  Liberijski dolar (Hrvatski)  Δολάριο Λιβερίας (Ελληνικά) 
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