20 Dollars Emancipation Proclamation

The Emancipation Proclamation of January 1, 1863 applied only to enslaved people in Confederate-held states — it explicitly exempted the border states and Union-controlled portions of the South. Liberia's connection to the subject is direct: the republic was founded in 1822 largely through the efforts of the American Colonization Society as a resettlement destination for freed American slaves, and Monrovia itself is named for President James Monroe.

The Central Bank of Liberia issued a substantial number of commemorative silver pieces in the early 2000s under licensing arrangements with foreign minting agencies, most struck in limited quantities for the collector market rather than circulation.