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.
Acting Executive Governor Saamoi Outlines Vision for Central Bank of Liberia
Acting Executive Governor underscored the importance of building capacity and working together to achieve CBL’s core objectives of price and financial sector stability, financial inclusion, operational efficiency, and support for economic growth.
The CBL reaffirms that other seconded and former staff reflected as defaulters in the GAC Report have provident funds and severance payments held by the Bank, which are adequate for recovery of the loans.
Job Vacancy: Director General, West African Monetary Agency (WAMA)
The West African Monetary Agency (WAMA) situated in Freetown, Sierra Leone is
seeking a suitable qualified candidate to fill the vacancy of Director General of the
Agency.
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.