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Country Guide > Africa > Liberia | |
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), on the 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:
Banking hours Mon-Thurs 0900-1200, Fri 0800-1400. Some banks may open on Saturday. |