The Central Bank of Liberia (CBL) says its attention has been drawn to information circulating in the public, alleging that the CBL has authorized the printing of new Liberian dollar (LD) banknotes, which have been imported into the country. There are also speculations that a consignment of Liberian dollars has been brought into the country. The Ministry of Information, Cultural Affairs and Tourism proffered a response to these very questions in a post on its Facebook page, saying: “The Central Bank of Liberia has issued out to commercial banks, unused Liberian Dollar Banknotes that have been in its custody, in the vaults. The bank puts out banknotes, used and unused, from time to time as a routine exercise to meet the liquidity needs of commercial banks. “Importation of banknotes is a routine activity of the CBL as a modus operandi of its monetary policy actions and mandate,” the CBL statement said.

Source: Daily Observer December 12, 2019 02:26 UTC