Monrovia – The Executive Governor of the Central Bank of Liberia (CBL), Hon. The lifespan of the enhanced and legacy banknotes, the CBL Executive Governor noted is three years, hence the need to print additional banknotes. “The CBL will continue to gradually make available the remaining banknotes consistent with cash demands largely by commercial banks,” Executive Governor Tarlue assured the lawmakers. With concerns about why only series of banknotes was printed, Executive Governor Tarlue further said the L$500.00 denomination was selected and printed due to budgetary constraints. The Executive Governor informed members of the House that the Bank, through its Board of Governors, is exerting all efforts to sustainably address the liquidity situation.

Source: Front Page Africa October 06, 2020 10:07 UTC