Public Concern Mounts Over CBL L$79 Billion Currency Plan, Proposed L$2,000 Banknote - Global News Network Liberia

Public Concern Mounts Over CBL L$79 Billion Currency Plan, Proposed L$2,000 Banknote - Global News Network Liberia

By Amos Harris The Central Bank of Liberia (CBL) has announced a plan to inject L$79 billion in newly printed banknotes into the economy. This initiative includes the controversial introduction of a L$2,000 denomination. This move has prompted warnings from market women and petty traders who fear it will exacerbate, rather than solve, existing cash-handling challenges. The policy, framed by the CBL as part of a broader set of monetary measures, …

Cash, Confidence, and Credibility

The Central Bank of Liberia proposes printing L$79 billion over 5 years to meet cash liquidity needs, replace deteriorating banknotes, and enhance monetary operations, emphasizing trust, transparency, and economic stability.