THE CENTRAL BANK OF LIBERIA appears to be obsessed with printing money without providing an explanation as to why. ON TUESDAY, the Executive Governor of the Central Bank of Liberia (CBL), Hon. The lifespan of the enhanced and legacy banknotes, the CBL Executive Governor noted is three years, hence the need to print additional banknotes. IN JULY, the CBL announced the secure arrival of additional L$4 billion banknotes to ease the liquidity pressures that the Liberian economy had been faced with recently. According to Governor Tarlue, the cost for printing the L$500.00 banknotes is lower than the printing of smaller denominations.

Source: Front Page Africa October 07, 2020 05:59 UTC