Liberian Dollar


Also found in: Dictionary, Thesaurus, Acronyms, Wikipedia.

Liberian Dollar

The currency of Liberia. The dollar was introduced in 1943. After a coup d'etat in 1980, many businessmen took currency out of the country, creating a shortage. During the civil war (1990-2004), Liberian dollars were looted from the Central Bank of Liberia; in response, it created a new design for some currency notes. This created effectively two currencies: a legal one authorized by the Central Bank, and an illegal one based on the looted dollars. The Liberian economy still relies on a large amount of foreign aid.
References in periodicals archive ?
The former Speaker of the 53rd Legislature indicates that decision has not devalued the Liberian dollars because of the 'bad' business practices, but it has also caused exchange rate changes that are unrelated to the underlying partner of trade as well as instability and uncertainty for struggling Liberian businesses and consumers who trade largely in Liberian dollars.
00), the same being Fifty Seven Billion Three Hundred Nineteen Million Four Hundred Fifty Thousand Eight Hundred and Sixty Seven Liberian Dollars (L$57,319,450,867).
Legal challenges to the just ended presidential and representatives elections were perceived in some quarters to be responsible for some of the problems in a tough economy here, but the exchange rate between the US and Liberian Dollars has sharply risen even after final election results were announced for the 26 December presidential runoff won by Mr.
51 billion Liberian dollars, the equivalent of about 28.

Full browser ?