LRD to ERN

LRD - Liberian Dollar ($)
ERN - Eritrean Nakfa (Nfk)
1 LRD1 ERN

Currency conversion rates from LRD to ERN

LRDERN
1 LRD1 ERN
5 LRD5 ERN
10 LRD10 ERN
20 LRD20 ERN
50 LRD50 ERN
100 LRD100 ERN
250 LRD250 ERN
500 LRD500 ERN
1000 LRD1000 ERN
2000 LRD2000 ERN
5000 LRD5000 ERN
10000 LRD10000 ERN
ERNLRD
1 ERN1 LRD
5 ERN5 LRD
10 ERN10 LRD
20 ERN20 LRD
50 ERN50 LRD
100 ERN100 LRD
250 ERN250 LRD
500 ERN500 LRD
1000 ERN1000 LRD
2000 ERN2000 LRD
5000 ERN5000 LRD
10000 ERN10000 LRD

ERN - Eritrean Nakfa (ERN)

Eritrean Nakfa

The Eritrean Nakfa is the currency in Eritrea (ER, ERI). The symbol for ERN can be written Nfa. The Eritrean Nakfa is divided into 100 cents. The exchange rate for the Eritrean Nakfa was last updated on May 24, 2019 from Yahoo Finance. The ERN conversion factor has 4 significant digits.

More information about ERN - Eritrean Nakfa (ERN)


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$)