All Liberian banknotes dated before 2021 will cease to be legal tender on March 31, 2024, according to the Central Bank of Liberia (CBL).

The bank’s decision to phase out the old currency follows a period of exchanging old currency for the new family of currency, including those issued in 2021 and 2022.

Which banknotes will cease to be legal tender?

The banknotes affected include small denominations as well as the $100 bills dated 1999-2011 and 2016; and the $500 bill dated 2016.

This version of Liberia’s $500 banknote will no longer be legal tender.

These versions of Liberia’s $100 banknote will cease to be legal tender.

A one-year period to redeem the old banknotes  

The defunct banknotes will be redeemable for one year, until March 31, 2025. According to the CBL, once the old currency is phased out, it will not be used for economic and financial transactions but can still be exchanged at the same value at the nearest Central Bank facilities, commercial bank offices, branches and agents, as well as the rural community finance institutions. 

Sources/References:

Central Bank of Liberia

Liberian Observer

MRI Guide Bankers’ Guide to Foreign Currency 

CentralBanking.com

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