Definition

1. Noun:
   • The basic unit of money in Liberia: The Liberian dollar is the official currency of the Republic of Liberia. It serves as the primary medium of exchange for goods and services within the country.

Usage Examples

• Noun:
  • The price for local goods is often listed in Liberian dollars.
  • Tourists are advised to exchange their currency for Liberian dollars upon arrival.
  • The new banknote design was introduced to modernize the Liberian dollar.

Advanced Usage

• "pegged to the US dollar": The value of the Liberian dollar has historically been tied to the US dollar.
  • For many years, the Liberian dollar was pegged to the US dollar at a fixed rate.

Variants and Related Words

• LRD: The standard three-letter currency code (ISO 4217) for the Liberian dollar.
  • The transaction was completed using the currency code LRD.
• Cent: A subdivision of the Liberian dollar; 100 cents equal one Liberian dollar.
  • The coin is worth five cents of a Liberian dollar.

Synonyms

• Currency of Liberia: The monetary system used in Liberia.
• Liberian currency: The money in circulation within Liberia.

Noun

1. the basic unit of money in Liberia