On July 20, 2023, the Board of Governors of the Central Bank of Liberia (CBL) convened its third Monetary Policy Committee (MPC) meeting of the year to take decisions to promote macroeconomic stability, including exchange rate stability.
GoL Directives Against Exchange Rate Manipulation & Measures to Encourage Use of Liberian Dollars
The Government of Liberia hereby issues these directives against exchange rate manipulation as well as to direct the acceptability of Liberian dollar for payments of goods and services as the official legal tender for Liberia
Who is Euphemia Gbadee Swen-Monmia – CBL Staff Selected as Special Appointee to IMF
Ms. Euphemia Swen-Monmia, who is the Director of CBL’s Financial Markets Department, will join four other highly qualified professionals from other countries for this capacity-building initiative that targets mid-level public sector officials in IMF member countries
The Board of Governors of the Central Bank of Liberia (CBL), representing the Monetary Policy Committee (MPC), has raised the Monetary Policy Rate (MPR) by 250 basis points from 15% in the first quarter of 2023 to 17.5%, to contain further inflationary pressures, going into the third quarter of 2023.