The Board of Governors of the Central Bank of Liberia (CBL), representing the Monetary Policy Committee (MPC), has raised the Monetary Policy Rate (MPR) by 250 basis points from 15% in the first quarter of 2023 to 17.5%, to contain further inflationary pressures, going into the third quarter of 2023.
Liberia, AfDB Sign US$3.872 Million Grant to Upgrade Payment System
The Government of Liberia (GOL) and the African Development Bank (AfDB) on May 17, 2023, signed an agreement for a $3.872 million US dollar grant that will finance the upgrade of the payment infrastructure and system of the Central Bank of Liberia.
CBL Rejects Smart News Report of Governor Covering Up €2M Scandal
The Central Bank of Liberia (CBL) categorically refutes a Smart News website story, published April 10, 2023, reporting that Executive Governor, J. Aloysius Tarlue, Jr. is “linked to cover-up in 2 Million Euros Banking Scandal.”..........
CBL Wins International Award for Best Banknote Series, Nominated for Best New Coins Award
The Central Bank of Liberia on Monday received the prestigious “banknote series of the Year” award after being declared the winner by Reconnaissance International on March 8, 2023 at an auspicious ceremony held in Abu Dhabi, United Arab Emirate (UAE).