Liberia Returns to Coins Use in September - News Summed Up

Liberia Returns to Coins Use in September


— CBL announcesThe Central Bank of Liberia (CBL), is expected to release the first batch of coins and other banknote denominations on the market in the middle of September. The coins are part of a total authorization of L$48.734 billion to be minted and printed in three years — 2021, 2022, and 2024. At various points in the country's history, coins were issued — starting in 1847 right after independence — and known as copper 1 and 2 cents coins which were used until 1862 and later went through modifications. They further revealed that the bank has done all it takes to bring the coins into the country by the end of September 2022. They, however, said that the issue with printing money in Liberia some years back had lots of missteps, so this time around they are going to follow all of the steps leading to the printing process.


Source: Daily Observer August 05, 2022 11:20 UTC



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