The production of this Annual Report is in fulfillment of part XIII Section 63(1) of the
Amendment and Restatement Act of the Central Bank of Liberia (2020).
EG Saamoi Speaks at Joint Launch of FinEd & PAPSS in Monrovia
This event marks a significant milestone in our commitment to fostering a financially inclusive and technologically advanced economy. Financial education and digital payment systems are twin pillars of economic empowerment, equipping citizens with knowledge, while providing them with the tools to transact efficiently within Liberia, across the Africa continent and beyond.
The Central Bank of Liberia’s (CBL) Monetary Policy Committee (MPC) has retained the Monetary Policy Rate (MPR) at 17.0 percent and the Liberian dollar and US dollar reserved requirement ratios of 25.0 percent and 10.0 percent, respectively.
The Central Bank of Liberia (CBL) assures the public that the current exchange rate fluctuations are temporary and primarily linked to the post-festive seasonal demands for US dollars by economic agents in the foreign exchange market to restock goods sold during the festive period.
The Central Bank of Liberia promotes financial stability in the country through the regulation and supervision of banks and other financial institutions.
The Central Bank of Liberia has embarked on a program of reforms to modernize the National Payments System and bring the systems in line with international standards.
The Central Bank of Liberia issues currency. The Liberian currency comprises banknotes and coins. The Liberian Dollar is the official currency of the Republic of Liberia.
The Central Bank of Liberia engages in a variety of operations in domestic financial markets, covering money, bond markets, and foreign exchange markets.