Strong Community Support Greets Launch of Financial Education Program and PAPSS in Nimba County
The third edition of the county-level Financial Education/Literacy Program and the Pan African Payments and Settlement System (PAPSS) has been launched
CBL Holds Monetary Policy Rate Steady to Keep Prices in Check, Protect Buying Power
The Central Bank of Liberia (CBL) has announced that it will maintain the Monetary Policy Rate (MPR) at 17.25%, a key decision aimed at keeping inflation (the rate at which prices rise) under control and protecting the value of the Liberian dollar.
"The IMF staff held engaging and constructive discussions with the authorities on recent macroeconomic developments, the economic outlook, and medium-term policy priorities under the Article IV Consultation..."
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.