MONROVIA – May 28, 2019:- The Central Bank of Liberia (CBL) has placed a freeze on employment at the institution.  The decision which takes immediate effect, also affects other human resource matters at the CBL.


A memorandum signed by the Executive Governor of the CBL, Mr. Nathaniel R. Patray, III, on Tuesday, May 28, 2019, directed that all matters related to promotion, salary increment, and other issues of staff benefits must be handled in line with the Bank’s policy through the Staff Performance Appraisal and Merit System.


The CBL management warned that it would take stringent actions (including termination of services) against any staff found to be in violation of the directive.


“Absolutely, no staff shall receive applications, initiate or entertain any communications/discussions relating to employment, promotion, salary/benefit increase at the CBL, except expressly authorized to do so,” the CBL Executive Governor cautioned.