Central Bank of Liberia

Sub-region: 

Governor 

 Mr. Milton A. Weeks

Headquarters Monrovia, Liberia
Established 1999
Currency Liberian dollar - LRD (ISO Code )
Website www.cbl.org.lr

 

The Central Bank of Liberia (CBL) was established on October 18, 1999 by an Act of the National Legislature of the Republic of Liberia. It became functional in 2000 and succeeds the National Bank of Liberia (NBL). Mr. Elie E. Saleeby served as the Bank’s first Executive Governor. Mr. Sandei A. Cooper, Sr., has continued to serve as Deputy Governor since the inception of the Bank.

The principal objective of the CBL is to achieve and maintain price stability in the Liberian economy. To this end, it seeks to preserve the purchasing power of the national currency; promote internal and external equilibrium in the national economy; encourage the mobilization of domestic and foreign savings and their efficient allocation for productive economic activities; facilitate the emergence of financial and capital markets that are capable of responding to the needs of the national economy, and foster monetary, credit and financial conditions conducive to orderly, balance and sustain economic growth and development.

The powers of the Bank are vested in a Board of Governors, responsible for the formulation and implementation of policy. The Board consists of five Governors who are appointed by the President of Liberia subject to confirmation by the Liberian Senate.

The management of the Bank is conducted by an Executive Governor who is also Chairman of the Board of Governors and a Deputy Governor who serves as principal assistant to the Executive Governor. They are both appointed by the President of Liberia subject to confirmation by the Liberian Senate.

Monetary Policy Framework

 

Monetary Policy Framework of the Central Bank of Liberia as Approved by the Board of governors of the Bank (Resolution No. BR/R-02/2005) during its 2nd Regular Meeting held on June 22, 2005.

 I. INTRODUCTION 

 II. MONETARY POLICY OBJECTIVE 

 III. TRANSMISSION MECHANISM 

 IV. DOLLARIZATION 

 V. MONETARY OPERATIONS 

 VI. MONETARY INSTRUMENTS 

 VII. MARKET DEVELOPMENT 

 VIII. CONCLUSION AND RECOMMENDATION

AttachmentSize
PDF icon Monetary Policy Framework18.29 KB
Central Banks: 

Annual Reports

Central Banks: 

Annual Report 2009

AttachmentSize
PDF icon Annual Report 2009897.14 KB
Central Banks: 

Annual Report 2008

Central Banks: 

Annual Report 2007

This Section contains the Annual Report of the Central Bank of Liberia for the year ended December 31, 2007.

Chapters in the Central Bank of Liberia Annual Report for the year ended December 31, 2007

  • Chapter I. The Central Bank of Liberia at a Glance
  • Chapter II. Operations of the Central Bank of Liberia
  • Chapter III. Banking Sector Developments
  • Chapter IV. Monetary and Exchange Rate Developments
  • Chapter V. Economic Developments
AttachmentSize
PDF icon Annual Report 2007577.55 KB
Central Banks: 

Annual Report 2006

AttachmentSize
PDF icon Annual Report 2006580.43 KB
Central Banks: 

Statistics

Central Banks: