The currency of Liberia is the Liberian dollar (LRD). The country introduced the Liberian dollar in 1943, which replaced the United States dollar that had been in circulation since the 19th century. The Liberian dollar is further subdivided into 100 cents. Both the Liberian dollar and the U.S. dollar are used within Liberia's economy, with the latter often preferred for larger transactions. The currency plays a crucial role in local commerce and trade, reflecting the challenges and developments in Liberia's post-conflict economic landscape.