Liberia is an African country in West Africa. The country’s capital is Monrovia and it is also sits on the west coast of Africa. Liberia has a population of 5 million people, who belong to various tribes and speak various languages. The official language is English, although there are many other dialects in use as well. Read along to learn about Liberia’s newest banknote family.
Early History of Liberia
The country was founded in 1822 by African Americans who had been freed from slavery in the United States. Most of them were members of the Quakers. In 1847, these people declared independence from the United States and also formed the Republic of Liberia. The country has had a turbulent history, but it has made great strides toward political stability and economic growth over the past few decades.
The country was ruled by a succession of five presidents until 1980 when Samuel Doe took power in a military coup d’état and ruled until his assassination in 1990. Doe’s death resulted in a civil war that lasted until 2003 when Ellen Johnson Sirleaf became president after winning elections that were deemed free and fair by international observers.
Today, Liberia is one of Africa’s poorest countries and it also has an unstable government. It is also one of the world’s most dangerous places to live because of its high rate of crime and violence. The currency in use in Liberia is the Liberian Dollar. Its introduction dates back to 1847 and in 1907 the West African Pound replaces it. In the 1930’s Liberian Coins and eventually banknotes replace the West African Pound.
The New Liberia Banknote Family
On October 6, 2022 the Central Bank of Liberia finished issuing the remaining banknotes of their newly designed banknote family for 2021/2022. The new banknotes come in denominations of 20, 50, 100, 500 and 1000 Liberian Dollars. The figures present on the banknotes are President William V. S. Tubman, President Samuel K. Doe, President William R. Tolbert, Jr., 7 women who were the designers of the Liberian flag, and 16 artisanal tribal masks. The reverse side feature images of every day life in Liberia, work scenes, markets, animals and also buildings. Overall one could argue that the new design of banknotes are very similar to the current series of banknotes. What do you think about the new banknotes? Do you think that the Central Bank should have gone with bolder and more different designs like other countries have done so in recent times?