Liberia: CBL Seeks to Address Rising Liquidity Problem in Liberian Dollars

MONROVIA NOV. 9 (LINA) - The Central Bank of Liberia (CBL) has announced that it is taking measures in keeping with its statutory mandate to ensure that adequate Liberian Dollars are provided to the population through the commercial banks in the country.

The CBL is currently infusing Liberian Dollars in the Commercial Banks to address the local currency shortage, but says it will be done gradually so as to maintain a low inflation rate - a situation which is primarily intended to protect the purchasing power of ordinary citizens.

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