The battle for the Liberian dollar | LSE Research

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The Liberian dollar is the nation’s official currency. So, why do so many Liberians use US dollars for everyday transactions?

A dual currency system has existed in Liberia since the late 1800s. Professor Leigh Gardner from the Department of Economic History at LSE has examined the government’s struggle to re-assert the Liberian dollar over time. Her research was the subject of a physical display in the Value of Money exhibition at the National Museum of American History.

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Lebanon is in a similar situation. The US dollar is widely used because the lebanese pound is so undervalued.

vic_ee
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Hello Liberians! I plan on visiting beautiful Liberia soon to help with infrastructure development there. If anyone who lives in Liberia would like to get in contact with me to talk I’d greatly appreciate 👍🏾 you can respond by replying to this comment. Thank you! Peace & Love🇱🇷

HighValueMaxedOutGigaSigmaMale
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I bet the Liberian descendants wish they stayed in America LOL

dylanaxelrod
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Anglophone west Africa should be organised and start for the common currency ECO to be strong as francophone west Africa currency CEFA.

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