diff --git a/packages/input-amount/src/LionInputAmount.js b/packages/input-amount/src/LionInputAmount.js
index d49c950b8..b0d03820e 100644
--- a/packages/input-amount/src/LionInputAmount.js
+++ b/packages/input-amount/src/LionInputAmount.js
@@ -1,5 +1,5 @@
 import { css } from '@lion/core';
-import { LocalizeMixin } from '@lion/localize';
+import { LocalizeMixin, getCurrencyName } from '@lion/localize';
 import { LionInput } from '@lion/input';
 import { FieldCustomMixin } from '@lion/field';
 import { IsNumber } from '@lion/validate';
@@ -34,6 +34,9 @@ export class LionInputAmount extends FieldCustomMixin(LocalizeMixin(LionInput))
       after: () => {
         if (this.currency) {
           const el = document.createElement('span');
+          // The data-label attribute will make sure that FormControl adds this to
+          // input[aria-labelledby]
+          el.setAttribute('data-label', '');
           el.textContent = this.currency;
           return el;
         }
@@ -54,14 +57,27 @@ export class LionInputAmount extends FieldCustomMixin(LocalizeMixin(LionInput))
     // eslint-disable-next-line wc/guard-super-call
     super.connectedCallback();
     this.type = 'text';
+
+    if (this.currency) {
+      this.__setCurrencyDisplayLabel();
+    }
+  }
+
+  __setCurrencyDisplayLabel() {
+    this._currencyDisplayNode.setAttribute('aria-label', getCurrencyName(this.currency));
+  }
+
+  get _currencyDisplayNode() {
+    return Array.from(this.children).find(child => child.slot === 'after');
   }
 
   _onCurrencyChanged({ currency }) {
     if (this._isPrivateSlot('after')) {
-      Array.from(this.children).find(child => child.slot === 'after').textContent = currency;
+      this._currencyDisplayNode.textContent = currency;
     }
     this.formatOptions.currency = currency;
     this._calculateValues();
+    this.__setCurrencyDisplayLabel();
   }
 
   static get styles() {
diff --git a/packages/input-amount/test/lion-input-amount.test.js b/packages/input-amount/test/lion-input-amount.test.js
index e908f5a22..03ea82489 100644
--- a/packages/input-amount/test/lion-input-amount.test.js
+++ b/packages/input-amount/test/lion-input-amount.test.js
@@ -69,9 +69,9 @@ describe('<lion-input-amount>', () => {
     expect(el._inputNode.type).to.equal('text');
   });
 
-  it('shows no currency', async () => {
+  it('shows no currency by default', async () => {
     const el = await fixture(`<lion-input-amount></lion-input-amount>`);
-    expect(Array.from(el.children).find(child => child.slot === 'suffix')).to.be.undefined;
+    expect(Array.from(el.children).find(child => child.slot === 'after')).to.be.undefined;
   });
 
   it('displays currency if provided', async () => {
@@ -99,4 +99,23 @@ describe('<lion-input-amount>', () => {
       'my-currency',
     );
   });
+
+  describe('Accessibility', () => {
+    it('adds currency id to aria-labelledby of input', async () => {
+      const el = await fixture(`<lion-input-amount currency="EUR"></lion-input-amount>`);
+      expect(el._currencyDisplayNode.getAttribute('data-label')).to.be.not.null;
+      expect(el._inputNode.getAttribute('aria-labelledby')).to.contain(el._currencyDisplayNode.id);
+    });
+
+    it('adds an aria-label to currency slot', async () => {
+      const el = await fixture(`<lion-input-amount currency="EUR"></lion-input-amount>`);
+      expect(el._currencyDisplayNode.getAttribute('aria-label')).to.equal('euros');
+      el.currency = 'USD';
+      await el.updateComplete;
+      expect(el._currencyDisplayNode.getAttribute('aria-label')).to.equal('US dollars');
+      el.currency = 'PHP';
+      await el.updateComplete;
+      expect(el._currencyDisplayNode.getAttribute('aria-label')).to.equal('Philippine pisos');
+    });
+  });
 });