MONROVIA – The Central Bank of Liberia (CBL) submitted to the legislature several provisions of the Act creating the CBL for amendment consideration. The CBL believes these amendments will solve some of the issues the Bank faces, which limits its capacity to operate effectively. “If the Microeconomic is good no financial institution will want to get their money out of the bank to keep. As of today, we have a currency management committee at the CBL, we will inform the Senate at every stage of the way on the process of printing of money. You should have assurance that this management team has remain in line of all the instruction given by the CBL.”

Source: Front Page Africa June 10, 2020 08:15 UTC