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LOCAL CURRENCY IN LIBERIA

Need to know how much is your money worth in Liberia? The money used in Liberia is called Dollar.

The Liberian Dollar is issued and managed by the Central Bank of Liberia. To find out the current currency exchange rates for Dollar to other major currencies of the world, click on foreign currency rates.

Liberian Currency Information
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The currency used in Liberia is called as the Dollar. This currency is denoted with the currency sign L$ and the ISO 4217 Code for the Liberian Dollar is LRD. The Dollar, is the official currency of the Liberia . It is divided into 100 smaller units called cent.

The constitution of Liberia provides that the Liberia government shall have the power to print the Liberian Dollar and cent coins to be used as a legal tender in Liberia. The Liberian Dollar bank notes and Cent coins are both designated as "legal tender" in payment of debts.

The Liberian Dollar bill uses the decimal system, consisting of 100 equal units.

The symbol L$, usually written before the numerical amount, is used for the Liberian Dollar.

Currently printed bank notes denominations are 5, 10, 20, 50, and 100 dollars and the coins are minted in the denominations of 5, 10, 25, 50 cents, 1 dollar [1] .

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The Effect of Balance of Trade and Investment on the Value of Liberian Dollar
Financial analysts regularly cite the balance of trade and investment in Liberia as the most important influence on the value of the Dollar. The difference between what the Liberia exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Dollar exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Dollar exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Liberian Dollar.
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