LRDLiberian DollarLiberian Dollar (LRD)
The Liberian dollar is Liberia's national currency and is used for domestic prices, public accounts, salaries and local cash payments.
- ISO code
- LRD
- Symbol
- $
- Region
- Africa
- Currency type
- Fiat currency
- Exchange system
- LRD operates under Liberia's national monetary framework alongside significant practical use of USD.
- Last reviewed
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Quick facts
LRD at a glance
Currency profile
How LRD works
The Liberian dollar is Liberia's national currency and is used for domestic prices, public accounts, salaries and local cash payments.
The Central Bank of Liberia issues LRD. One Liberian dollar is divided into 100 cents within a monetary system where U.S. dollars also play a significant practical role.
- Liberia has used a dollar unit since the nineteenth century, with periods of direct U.S. dollar use.
- Modern Liberian dollar banknotes returned in the 1980s and remain distinct from USD despite the shared dollar name.
Context
Why this currency matters
Both LRD and USD may appear in Liberian commerce, so a dollar amount without a currency code can be ambiguous. The two currencies are not fixed at parity and should never be treated as interchangeable in conversion data. Clear labeling is particularly useful for cash prices, remittances and cross-border trade with Sierra Leone and Guinea.
Monetary framework
Exchange arrangement
LRD operates under Liberia's national monetary framework alongside significant practical use of USD.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for LRD
Liberian dollar established
Liberia adopted a dollar monetary unit in the early national period.
Central Bank of LiberiaU.S. dollar notes took a larger role
U.S. currency became the principal paper-money reference while Liberian coinage continued.
Central Bank of LiberiaLiberian banknotes returned
Liberia reintroduced national dollar banknotes within the modern LRD system.
Central Bank of Liberia
Usage and economy
How LRD is used
- Liberian dollars denominate local prices, wages and government records.
- SLE, GNF, GHS and USD provide useful regional and commercial comparisons.
Banknotes and coins
LRD currency units
Central Bank of Liberia is the authoritative source for the current LRD banknote framework.
Central Bank of Liberia is the authoritative source for the current LRD coin framework.
One Liberian Dollar unit is recorded with 2 decimal places and uses Cent as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
LRD questions
Are LRD and USD the same currency?
No. They are separate currencies and do not have a one-to-one official value relationship.
Why are both currencies seen in Liberia?
U.S. dollars have a long practical role in Liberia, while LRD remains the national currency issued by the Central Bank of Liberia.
How many cents are in one Liberian dollar?
One Liberian dollar is divided into 100 cents.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.