The Liberian pound is the official currency of Liberia, a country located on the west coast of Africa. It is abbreviated as LRD and is subdivided into 100 cents. The currency was first introduced in 1847, shortly after Liberia declared its independence, and has undergone several changes since then. The Liberian pound is used for everyday transactions within the country. It is important for trade and commerce, and its value can fluctuate based on economic conditions. The currency is often exchanged with other currencies, such as the United States dollar, which is also widely accepted in Liberia.