Liberia: House of Representatives Passes Resolution Authorizing Central Bank of Liberia to Print New Families of Banknote in the tone of L$48.7 BillionCapitol Hill, Monrovia — Plenary of the House of Representatives has finally approved the Central Bank of Liberia’s request to print a new family of banknotes in the tone of L$48.7 billion to completely replace the ones that are currently in use within three years, beginning 2021. In the legislative piece named and style ‘Resolution 001-2021’, the House mandated the CBL to print 20, 50, 100 and 500 denominations, omitting the L$5 and L$10 bank notes. However, the House, in the resolution, nullified the L$1,000 banknotes and said that the denomination of bank notes to be printed shall only be 20, 50, 100 and 500. Because of the omission of L$1,000 notes, the House called on the CBL to reduce the printing but did not give a specific amount. “I have the honor to present my sincere compliments and herewith submit to you and the Honorable House of Representatives, Resolution No.

Source: Front Page Africa March 19, 2021 10:41 UTC