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Pres. Sirleaf lauds CBL for new banknotes' specimen

Release/Benjamin S. Taingay
President Ellen Johnson-Sirleaf
President Ellen Johnson-Sirleaf

MONROVIA, LIBERIA-President Ellen Johnson-Sirleaf is commending the Central Bank of Liberia for presenting her specimen of the initial series of the newly printed banknotes.

President Johnson-Sirleaf said she acknowledges, with great satisfaction, the hard work and level of professionalism demonstrated by CBL Governor, Milton Weeks, and his abled team.

According to an Executive Mansion release, the Liberian Leader made the commendation Thursday, September 29, 2016 after she received the banknote series from Governor Weeks in the Cabinet Room of the Foreign Affairs Ministry in Monrovia.

The newly printed banknotes’ initial series include denominations ranging from one to one hundred Liberian Dollars (LD$ 01 to $100).

Presenting the new banknotes to President Johnson-Sirleaf, Central Bank Executive Governor, Milton Weeks, said the series of the newly printed Banknotes is guaranteed.

Governor Weeks said: “The new series were printed on a higher quality substrate to guarantee longevity and reduce porosity.”

“The newly printed banknotes has features that cannot be duplicated easily and expressed gratitude to the President for the Government’s support to the Central Bank in the implementation of such national initiative,” he said.

The CBL Governor noted: “It is my pleasure to present to you today the initial series of the new currency that have been produced by “Print Currency”, a US-based company and manufactured in Sweden”.

Governor Weeks also said: “Denominations covering LD$001 to 100 (L$5, L$10, L$20, L$50 and L$100) has been completed and expected to be released to the public next month (October).”

The CBL Governor explained to the President that the specimen of the initial series of the newly printed banknotes will replace the mutilated bank notes already in circulation.

The release also noted that the newly introduced denominations contain portraits of ordinary Liberians on the front and Liberia’s wildlife on the back.

In separate remarks, Vice President, Joseph Boakai, and Senate Pro-Tempore, Armah Jallah, thanked Governor Weeks and his team for the “job well done” and admonished them to create more awareness on how the citizens are to handle the new money. 

Earlier, President Sirleaf received a high-level delegation on Zero Hunger Strategic Review, headed by Governance Commission Chairperson, Dr. Amos Sawyer.

The release quotes Dr. Sawyer as saying: “The Zero Hunger Strategic Review is expected to be conducted by Liberian institutions and organizations to boost government's capacity to tackle hunger and mal-nutrition in Liberia.”

“The initiative is a comprehensive review of food security and nutritional strategy with the view of bringing the country to zero hunger,” he noted.

Dr. Sawyer added: “When all is completed, in terms of the technical details, the initiative will be launched either in February, or in March of 2017.”

 

 


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