A FrontPage Africa investigation has found that the Central Bank of Liberia is struggling to cash pensioners checks leading to some money changers cashing the checks outside the bank for 25 percent of what pensioners are due from their own checks. The payment represents two-months pension pay for AFL personnel who were slowly retired with pensions following the end of the civil war. Authorities at the CBL contacted Monday said it was doing everything possible to cash checks and encourage pensioners to have patience. I empathize with these old people, but they just have to wait for their time,” a Bank administrator told FPA Monday. Per the CBL policy, pensioners are required to be paid at commercial banks or through their account.

Source: Front Page Africa May 11, 2020 22:30 UTC