News and Press Releases

The Central Bank of Liberia remains a key partner in WAIFEM’s initiatives, and we are committed to promoting capacity and human capital growth in the region now and into the future.

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).

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 CBL categorically indicates that the exchange rate is strictly market-determined and that there is no shortage of Liberian dollars in the economy.

The Central Bank of Liberia (CBL) has concluded a productive one-day stakeholders' meeting in Ganta, Nimba County, soliciting stakeholders' perspectives and recommendations in the Bank`s new five-year strategic plan (2025-2029).

Two Former CBL Contractors Appreciate Management Following Closure of their Services

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.

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 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.

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 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.

MSMEs can now apply to the three financial institutions that have been qualified by the Steering Committee of the LIFT project for the first phase (US$2.5 million) of the roll-out.

The newly appointed members of the Board of Governors of the Central Bank of Liberia (CBL) were inducted in the CBL Board Room on 1 August 2024

The CBL describes the death of its former Deputy Governor as a blow to CBL and Liberia’s banking sector, where he served in various capacities for more than 15 (fifteen years).

The LOC falls under sub-component 2.2 of the LIFT Project, which aims to create access to credit to the tone of US$6 million for MSMEs to be channeled through competitively selected Participating Financial Institutions (PFIs).

CBL acknowledges that these payments were made to the named institutions as part of the Bank’s corporate social responsibility (CSR) but vehemently refutes any insinuations or assertions that they were made unscrupulously.

The Central Bank of Liberia (CBL) Board of Governors, proxying for the Monetary Policy Committee (MPC), held its second MPC meeting of 2024 on May 15th, 2024. The Board assessed the macroeconomic conditions of the domestic and global economies for the 1st quarter of 2024, to guide the policy decisions for the next quarters during the year.

EOI for hiring of a Consulting Firm to Provide Comprehensive Program Management for Successfully Designing, Procuring, Developing and Implementing a National Electronic Payment Switch (NEPS).

Board of Governors Approves Extension of Swap Exercise to May 15, 2024

Remarks By Executive Governor J. Aloysius Tarlue, Jr. at Signing of MoU with Afriland Bank

Scores of employees of the Central Bank of Liberia on Friday, March 8 joined women around the world to celebrate International Women's Day.

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.

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.

On July 20, 2023, the Board of Governors of the Central Bank of Liberia (CBL) convened its third Monetary Policy Committee (MPC) meeting of the year to take decisions to promote macroeconomic stability, including exchange rate stability.