CBL Holds Awareness of PAPSS for Superintendents of Liberia Marketing Association
The Awareness focused on raising awareness about the Pan-African Payment and Settlement System (PAPSS), a transformative platform designed to simplify cross-border transactions and enhance economic activities across Africa.
PAPSS: Pan-African Payment and Settlement System Promotes Cross-Border Trade
CBL Introduces the Pan-African Payment and Settlement System (PAPSS) to promote cross-border trade and accelerate economic activities for Liberian businesses.
Amongst other things, the MPC has decided to lower the Monetary Policy Rate (MPR) from 20% to 17.5% and maintain the current reserve requirement ratios of 25% and 10% for Liberian and US dollars, respectively.
CBL, LTA Sign Agreement to Enhance Financial Inclusion and Telecommunications Services
The MOU outlines the intent of the LTA and CBL to bridge access gaps and facilitate affordable access to financial, and telecommunications services in the country.
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.