L$4 Billion Banknotes Arrive in Country to Ease Liquidity Pressure the Liberian Economy is Faced WithMONROVIA – The Central Bank of Liberia (CBL) has announced the secure arrival of additional L$4 billion banknotes to ease the liquidity pressures that the Liberian economy had been faced with recently. In a release issued by the CBL on Tuesday, July 7, the bank said the additional banknotes were safely secured in the vaults of the CBL Headquarters on July 7, 2020. Prior to printing the additional Liberian Dollar banknotes, the banking system had experienced dire liquidity problems, including mutilated banknotes and insufficient bank notes in the banking system to meet depositors’ demand for cash. CBL Executive Governor J. Aloysius Tarlue, Jr. said “The arrival of the new Liberian Dollar banknotes is good news indeed. Following a rigorous evaluation process of the proposals against a detailed evaluation criterion, a specially formulated CBL Procurement Committee recommended Crane as the preferred supplier to print the Liberian Dollar banknotes.

Source: Front Page Africa July 08, 2020 07:30 UTC