Dick Johnson submitted this item about Liberia's unusual dual currency situation. Thanks.
Liberia has two kinds of currency that circulate simultaneously in that North African country, their own Liberian coins and paper money plus those of the United States, and occasionally those of Great Britain.
The financial gurus of the country met recently to discuss having exclusive, all Liberian, native coins and currency. Guess what was on the table at that discussion? Answer:: Krause Publications' Standard Catalogue of World Coins.
A report of that meeting was published this week. The planning for the elimination of a dual currency situation has some interesting numismatic aspects, in addition to the international financial considerations.
Mention was made of the dozens of Liberian commemorative coins -- apparently which even native Liberians are unaware -- as past Liberian coins. Should some of the denominations of those commemorative coins be a part of any new Liberian coinage system?
If you would like to explore more on this topic, click on:
Juggling with Liberia's Dual Currency Regime
Wayne Homren, Editor
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