5 Dollars

Liberia's currency collapsed in practice long before any formal monetary crisis was declared. Through the 1990s, competing factions — including Charles Taylor's NPFL — printed or circulated their own scrip, and the Liberian dollar fragmented into multiple parallel currencies accepted in different parts of the country. The Central Bank's reissued series, of which this note forms part, was an attempt to reassert a single national currency after the First Civil War ended in 1997.

The optically variable ink is notably rare for a West African note of this period and denomination, reflecting donor pressure and IMF involvement in rebuilding the institution rather than domestic printing capability.