Consistent with the May 6, 2021 Joint Resolution of the National Legislature authorizing the Central Bank of Liberia (CBL) to print and mint the new family of Liberian currency totaling L$48.734 billion, the CBL says it wishes to inform the public that only L$5 and L$10 are being minted in coins. The delivery of the coins will begin in the 4th quarter of 2022 and infused into the economy through the commercial banks.
The new coins are smaller, much lighter and easier to carry than the previous coins in circulation. They are round, nickel-plated steel, with the L$5 weighing 3.6 grams and the L$10 4.8 grams. The L$5 has the image of President Edward James Roye, while the L$10 has the image of President Joseph Jenkins Roberts.
The L$5 and L$10 coins are part of the new family of Liberian dollar currency, with the rest of the new currency being the L$20, L$50, L$100, L$500 and the L$1,000 banknotes. The L$1,000 is being introduced into the Liberian economy for the first time.
“The Central Bank of Liberia (CBL) reassures the public that the currency reform is well on course and proceeding according to implementation plan. Meanwhile, the bank will soon launch a nationwide public education and sensitization campaign on the currency replacement exercise,” the CBL, in a press release, said.
