Liberia: 'We Are Not Printing New Money'

15 April 2026
The New Dawn (Monrovia)
By Bridgett Milton

The Central Bank of Liberia (CBL)has clarified that its plan to print Liberian dollars is not to introduce a new family of banknotes, but is instead intended to replace worn-out, mutilated, and unfit banknotes currently in circulation.

Speaking Tuesday, April 14, 2026, at a one-day media engagement hosted by the CBL with Legislative Reporters, Deputy Governor James B. Wilfred emphasized the importance of proactive media engagement to promote transparency and public understanding of economic decisions.

During the engagement, the CBL outlined that the proposed banknote printing exercise is primarily intended to replace damaged currency, address rising demand for transactional cash, and support broader monetary policy objectives.

"In addition, population growth and expanding economic activity have increased demand for transactional cash. Periodic replenishment of banknotes is a normal and necessary function of currency management," the CBL stated.

Keep up with the latest headlines on WhatsApp | LinkedIn

The CBL said the process will be guided by macroeconomic considerations and implemented with strong transparency and accountability mechanisms, including legislative oversight, independent audits, and adherence to international best practices.

The engagement aimed to enlighten members of the Legislative Press Pool on the rationale for the planned printing of additional Liberian dollar banknotes, while also strengthening legislative reporters' capacity to ensure accurate, responsible, and informed reporting on monetary policy issues.

For his part, the President of LEGISPOOL, Emmanuel T.J. Kollie, expressed appreciation to the Central Bank for the initiative, noting that such engagements are essential in equipping journalists with the knowledge required to report accurately on complex financial and economic matters.

Kollie said LEGISPOOL welcomes the engagement and encourages the Central Bank to continue providing timely and clear information to support accurate media reporting on issues that directly affect the Liberian economy.

He also stressed the need for transparency, accountability, and inclusive public dialogue regarding the proposed printing of additional Liberian banknotes, noting that the matter extends beyond monetary policy and directly affects public trust in the nation's financial system.

"Today's discussion is not just about currency; it is about confidence. Confidence in our financial system, in our institutions, and in the management of our national economy," Kollie said.

Read the original article on New Dawn.

Tagged:
Copyright © 2026 The New Dawn. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 600 reports a day from more than 90 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.