| |
|
|
| |
Home
>
World
> Africa
> Liberia
|
Money
Currency: Liberian Dollar (L$) = 100 cents. Notes are in denominations of L$100, 50, 20, 10 and 5. US Dollar notes are in circulation in the following denominations: US$100, 50, 20, 10, 5 and 1.
Note: The Liberian Dollar is tied to the US Dollar.
Currency exchange: Money can be exchanged at the Liberia Bank for Development and Investment (LBDI), corner of Randall and Ashmun Streets in Monrovia. LBDI also incorporates a Western Union office, which can receive urgent money transfers from abroad (though the procedure is lengthy and will take approximately one day).
Credit & debit cards: Not generally accepted.
Travellers cheques: These are generally not accepted.
Currency restrictions: There are no restrictions on the import or export of local currency. The import of foreign currency over the equivalent of US$10,000 should be declared or heavy fines may be imposed. The export of foreign currency is permitted up to US$7500; more may be exported only as bank drafts, travellers cheques or money orders.
Exchange rate indicators
The following figures are included as a guide to the movements of the Liberian Dollar against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 1.46 | 1.52 | 1.58 | 1.59 | | $1.00= | 1.00 | 1.00 | 1.00 | 1.00 |
Banking hours: Mon-Thurs 0900-1200, Fri 0800-1400. Some banks may open on Saturday.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
|
|
|
|
|
