Liberian central bank cuts rates amid new banknote controversy

The Central Bank of Liberia
The Central Bank of Liberia
Jefferson Krua / Wikimedia

Liberia’s central bank has cut policy rates, issued new debt instruments and changed banks’ minimum currency reserve ratios, days after its third governor in four years was appointed.

The central bank warns of falling GDP growth, rising inflationary pressures and a low level of foreign currency reserves. Its move comes as local media sources report further developments in the country’s “banknote scandal”.

The Central Bank of Liberia says its board was cutting the standard deposit facility rate

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: