The aim of the technical assistance program is to assist the CBL to more effectively perform its core functions of managing the Liberian currency and creating the necessary monetary stability for broad-based, inclusive economic growth. This technical assistance includes assisting the CBL undertaking an open and competitive procurement process for currency printing, tracking the shipment of the currency from the printer to the CBL’s vaults, and properly placing the additional currency into the banking system and broader economy. It is important to note that USAID support would be limited to technical assistance provided by Kroll Associates. The Government of Liberia will pay all costs associated with the printing and transport of the additional banknotes. The United States is pleased to help the Central Bank strengthen its capacity to manage the country’s money supply in a way that helps families across Liberia better meet their basic needs, and fuels inclusive economic growth.”

Source: Daily Observer December 26, 2019 19:41 UTC