LRD to COP

LRD - Liberian Dollar ($)
COP - Colombian Peso ($)
1 LRD1 COP

Currency conversion rates from LRD to COP

LRDCOP
1 LRD1 COP
5 LRD5 COP
10 LRD10 COP
20 LRD20 COP
50 LRD50 COP
100 LRD100 COP
250 LRD250 COP
500 LRD500 COP
1000 LRD1000 COP
2000 LRD2000 COP
5000 LRD5000 COP
10000 LRD10000 COP
COPLRD
1 COP1 LRD
5 COP5 LRD
10 COP10 LRD
20 COP20 LRD
50 COP50 LRD
100 COP100 LRD
250 COP250 LRD
500 COP500 LRD
1000 COP1000 LRD
2000 COP2000 LRD
5000 COP5000 LRD
10000 COP10000 LRD

COP - Colombian Peso ($)

The Colombian peso is the official currency of Colombia. It is most commonly exchanged with the US dollar (USD). The currency code for the peso is COP. The peso’s official symbol is $. For clarity, the currency code is sometimes abbreviated as COL$. Peso means ‘weight’ or ‘pound’ in Spanish, after the British pound. Colombians may refer to the peso colloquially as ‘plata’, meaning silver; ‘billete’, meaning ticket; ‘biyuyo’; ‘lucas’; or ‘marmaja’.

The Colombian Peso (COP) has been the official currency of Colombia since 1837. The symbol used for the Peso is $. Banknotes are issued by the Banco de la Republica. A subdivision of the Peso is the centavo; 1 peso = 100 centavos.

The Colombian Peso is the currency in Colombia (Columbia, CO, COL). The symbol for COP can be written Col$. The Colombian Peso is divided into 100 centavos. The exchange rate for the Colombian Peso was last updated on Today from The International Monetary Fund. The COP conversion factor has 6 significant digits.

Economy

  • Colombia has a free-market economy.
  • The country exports petroleum, cut flowers, nickel, coal, emeralds, bananas, and coffee.
  • The main import products are consumer goods, fuel, paper, chemicals, coffee, and apparel.
  • The unemployment rate is 11.2%.
  • Colombia has been showing positive growth over the last three years.
  • The service industry accounts for 52.7% of the total GDP.

History

  • The first was Peso was issued in 1837, replacing the Real at a rate of 8 Reales = 1 Peso.
  • In 1847, the currency was decimalized and 1 Peso = 10 Reales.
  • In 1871, Colombia became part of the gold standard and the country pegged the peso to the French Franc at 5 French Francs = 1 Peso.
  • After 1888, the Peso started to depreciate, due to increased printing costs.
  • From 1907 to 1914 Peso coins were issued at a fixed rate of 1 coinage Peso = 100 Pesos Moneda Corriente.
  • In 1915, the new Peso Oro paper currency was introduced replacing old paper Pesos, also at the rate of 1 Peso Oro = 100 old Pesos.
  • In 1931, Colombia changed its peg to the US Dollar at 1 USD = 1.05 Pesos.
  • In 1993, the word Oro was removed and the currency is now known as the Peso.
  • The Colombian government is debating whether to reintroduce a new Peso that is worth 1,000 old Pesos.

More information about COP - Colombian Peso ($)


LRD - Liberian Dollar (L$)

Liberian Dollar

The Liberian Dollar has been the official currency of the Republic of Liberia since 1943. The Liberian currency includes coins and banknotes, which are issued by the Central Bank of Liberia. The symbol used is L$, to differentiate it from other Dollar currencies.

The Liberian Dollar is the currency in Liberia (LR, LBR). The symbol for LRD can be written $. The Liberian Dollar is divided into 100 cents. The exchange rate for the Liberian Dollar was last updated on May 24, 2019 from Yahoo Finance. The LRD conversion factor has 5 significant digits.

Economy

  • Liberia’s economy is supported by free enterprise. They have a so-called Open Door Policy to persuade businesses and investors to participate profitably in their economy.
  • Liberia is gifted with great natural resources tht provide prospective and outstanding market opportunities.
  • The total Liberian economy has been improving; the real GDP growth reached 7 % in 2006, and its inflation is in single digits.
  • The government has placed cash management controls, maintained a well-balanced budget, and restored transparency to their budget process.
  • The unemployment rate in the formal sector reached 80%, with this there is a critical period of progression in the restoration of productive opportunities in livelihood.
  • In the year 2005, Liberia had an external debt estimated at U$S7 billion, which is equivalent to 3,040% of their exports on an NPV basis.

History

  • The Liberian Dollar was introduced in 1847.
  • The Liberian currency was pegged at parity with the US Dollar and both were being used until 1907.
  • From 1847 to 1896, copper 1 and 2 cent coins were the only Liberian coins being issued After that, 1, 2, 10, 25 and 50 cent coins were gradually introduced.
  • Between 1857 and 1880, the Treasury Department issued banknotes of 1, 2, 3, 5, 10 Dollars and 10 and 50 cents.

More information about LRD - Liberian Dollar (L$)