TWD to LRD

TWD - New Taiwan Dollar ($)
LRD - Liberian Dollar ($)
1 TWD1 LRD

Currency conversion rates from TWD to LRD

TWDLRD
1 TWD1 LRD
5 TWD5 LRD
10 TWD10 LRD
20 TWD20 LRD
50 TWD50 LRD
100 TWD100 LRD
250 TWD250 LRD
500 TWD500 LRD
1000 TWD1000 LRD
2000 TWD2000 LRD
5000 TWD5000 LRD
10000 TWD10000 LRD
LRDTWD
1 LRD1 TWD
5 LRD5 TWD
10 LRD10 TWD
20 LRD20 TWD
50 LRD50 TWD
100 LRD100 TWD
250 LRD250 TWD
500 LRD500 TWD
1000 LRD1000 TWD
2000 LRD2000 TWD
5000 LRD5000 TWD
10000 LRD10000 TWD

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$)


TWD - New Taiwan Dollar (NT$)

New Taiwan Dollar

The New Taiwan Dollar (or the Taiwan Dollar) has been the official currency of the Taiwan Area of the Republic of China since 1949, when it replaced the Old Taiwan Dollar. It was initially issued by the Bank of Taiwan; since 2000 it has been issued by the Central Bank of the Republic of China (ROC).

The New Taiwan Dollar is the currency in Taiwan (TW, TWN). The New Taiwan Dollar is also known as the Taiwanese Dollar. The symbol for TWD can be written NT$, NTD, and NT. The New Taiwan Dollar is divided into 100 cents. The exchange rate for the New Taiwan Dollar was last updated on May 24, 2019 from Yahoo Finance. The TWD conversion factor has 5 significant digits.

Economy

  • Taiwan has a developed capitalist economy that ranks as the 19th largest in the world in GDP and 23rd in nominal terms. The Republic of China governs Taiwan with gradually decreasing guidance in the areas of investment and foreign trade.
  • Most large government-owned banks and industrial firms have been privatized.
  • Real growth in GDP has averaged about 8% during the past three decades. Exports have grown even faster and, since World War II, have provided the primary impetus for industrialization.
  • Taiwanese investors and businesses have become major investors in mainland China, Vietnam, Thailand, Indonesia, and the Philippines.

History

  • The New Taiwan Dollar was first issued by the Bank of Taiwan on June 15, 1949 to replace the Old Taiwan Dollar at the rate of 40,000 old Dollars = 1 new Dollar.
  • The main aim of the New Taiwan Dollar was to end the hyperinflation that had plagued Taiwan and mainland China due to the Chinese civil war fought in mainland China.
  • Taiwan has transformed itself from a recipient of U.S. aid in the 1950s and early 1960s to an aid donor and major foreign investor. Private Taiwanese investment in mainland China is estimated to be in excess of 150 billion USD, and official sources cite Taiwan as having invested a comparable amount in Southeast Asia.
  • In July, 2000 the New Taiwan Dollar became the official currency of the ROC and is no longer secondary to the silver Yuan. At the same time, the Central Bank of China (now known as the Central Bank of the Republic of China) began issuing New Taiwan Dollar banknotes, and the old notes issued by the Bank of Taiwan were taken out of circulation.

More information about TWD - New Taiwan Dollar (NT$)