The Board Decides to maintain the Monetary Policy Rate (MPR) at 20.0 percent, which is above the projected inflation and depreciation rates until the next assessment, as a measure in response to the cooling of inflationary pressure.
CBL Rejects Allegations of Unauthorized Withdrawal from the Bank
The Board of Governors and Management of the Central Bank of Liberia (CBL) refute a Spoon live talk show claim on August 31, 2023, alleging unauthorized withdrawal of funds from the CBL.
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.