Liberia Advances Toward Cashless Future with Launch of Inclusive Instant Payment System (IIPS)
The launch takes place at the Ministerial Complex in Congo Town on December 16. It represents a transformative step in Liberia’s efforts to modernize its national payments infrastructure and expand access to secure, convenient, and inclusive digital financial services.
Central Bank of Liberia Cuts Monetary Policy Rate to Support Economic Growth
The rate cut is intended to provide support for continued economic growth and to also help keep prices stable, especially as inflation (the general rise in prices) continues to ease and the Liberian dollar shows signs of strength.
The Central Bank of Liberia promotes financial stability in the country through the regulation and supervision of banks and other financial institutions.
The Central Bank of Liberia has embarked on a program of reforms to modernize the National Payments System and bring the systems in line with international standards.
The Central Bank of Liberia issues currency. The Liberian currency comprises banknotes and coins. The Liberian Dollar is the official currency of the Republic of Liberia.
The Central Bank of Liberia engages in a variety of operations in domestic financial markets, covering money, bond markets, and foreign exchange markets.