The Liberia Bank Notes

MONROVIA, LIBERIA – The United States Government has announced a Technical Assistance Program to the Central Bank of Liberia (CBL) for the printing of additional Liberian Dollar banknotes.

According to  US Embassy release issued Thursday, December 26, 2019 in Monrovia, the program is to assist the CBL manage the Liberian currency And create the necessary monetary stability for broad-based, inclusive economic growth.

The release quotes the US Embassy as saying the move is based on the approval by the Legislature to allow the CBL print the LD$ 4Billion requested by Executive to infuse into the market.

As part of the program, USAID is expected to hire Kroll Associates to assist the CBL print additional banknotes through a credible, transparent, and traceable process within six months.

The support from the US Governmant also includes assisting the Central Bank of Liberia to undertake an open and competitive procurement process, tracking the shipment of the money from the printer to the CBL’s vaults and properly placing the banknotes into the banking system.

Meanwhile, the Liberian Government is expected to pay costs associated with the printing and transport of the money.

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Jos Garneo Cephas Sr. has reported as online and broadcast Journalist on Human rights, Civil Society and development issues for the Liberia Broadcasting System (LBS/ELBC) for about nine years. He worked in West Africa for Ghana Daily Guide Newspaper for ten years, as Human Rights Reporter, Liberia Desk Editor, and an international volunteer and Fellow of Journalist for Humana Rights (JHR). He Founded the Communication for Awareness and Development, a Non for Profit International NGO and the Vision Newspaper in Ghana, as publisher, Editor-In-Chief and stringed for the Voice Of America(VOA) at the height of the refugee crisis, covering more than 42,000 Liberian refugees in Ghana including other West Africans for several years in the sub-region. Jos Garneo Cephas Sr. has a BSc in modern-day Development Studies, and AA-Degree in Journalism, Public Relations and Entrepreneurship and Founder and Chief Executive Officer(CEO) of Liberia leading Social enterprise, Heartbeat Tourism for Sustainable Development(HTSD), Liberia Inc. He has numerous publications on opinions and developmental issues for leading Ghanaian and Liberian newspapers and magazines and online, and has provided national and international media consultancies, and is researching for a publication on “Tourism Its Impact and Youth Employment”.


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