Liberian central bank attacks legislation as ‘forced de-dollarisation’

Liberian dollars

Liberia’s central bank has strongly criticised draft legislation before the country’s parliament, saying it would amount to “forced de-dollarisation”, possibly leading to severe macroeconomic imbalances.

The Central Bank of Liberia (CBL) says the lower house of the country’s legislature, the House of Representatives, recently voted to give a first reading to an amendment of parts of the 1999 law governing the central bank. The vote would effectively make only the domestic currency, the Liberian

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: http://subscriptions.centralbanking.com/subscribe

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: