The winner of the best new series was the Central Bank of Liberia , which replaced its 2016 banknotes with a new series. This included updated designs and a new high denomination of L$1,000. The other notes in the series are the L$20, L$50, L$100, and L$500. In addition, the L$5 and L$10 denominations have been minted as coins.
Most of the updated designs are the same as the previous series, and retain the same portraits with stylised changes, featuring a change of image only on the L$500.
All five denominations were produced by Giesecke+Devrient over a two-year period, and strongly represent both the traditional and modern features of Liberia. The front of the L$1,000, for example, shows the 16 ethnic groups of Liberia, as symbol of the origin of the country and national unity, whiule the L$500 The L$500 has new image on the front of seven ladies who designed the Liberian flag, recognising the role of women in the formation of Liberia and national development.
Four of the denominations are secured with state-of-the-art RollingStar i+ threads. Each has a five-pointed star (representative of Liberia as the first independent republic on the African continent); and a dynamic pulsing effect when tilted. They also incorporate a different colour changing effect. The text ‘CBL’ and the denomination number can be seen as Cleartext when held up to the light. The RAPID thread from Crane Currency on the L$100 also incorporates the star.
Their introduction has been supported with a public education campaign and an app for the public to understand the security features of the note.