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Central Banks
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Central Bank of Liberia |
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Central Bank of Liberia
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The Central
Bank of Liberia (CBL) was established on October 18, 1999 by an Act of the
National Legislature of the Republic of Liberia. 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. |
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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 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. |
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The Management of the Central Bank of Liberia seeks to achieve the
objectives of its mission through:
Maintaining the value of the domestic currency and external reserves;
Pursuing
appropriate interest and exchange rate policies;
Safeguarding the integrity of the financial sector;
Issuing
notes and coins to meet the demand of the general public;
Conducting
economic analysis and publishing economic and financial statistics;
Promoting
and supporting the development of financial markets and efficient payment
and settlement systems; and
Advising
the Government on economic and financial matters.
In achieving the objectives above, the Bank commits itself to providing
effective support functions through a sound banking and financial control
system, appropriate information system and the development of competent and
qualified staff.
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Central Bank of Liberia |
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HQ
Address: |
Corner of
Warren & Carey Street
Monrovia
Liberia |
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Tel: |
+231 226
991 |
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Fax: |
+231 226
114 |
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Website: |
www.cbl.org.lr |
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Swift Code: |
CBLRLRLM |
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Currency: |
Liberia
Dollar |
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Banking Hours: |
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Monday - Friday : 9.00am -
5.00pm |
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Central Bank of Liberia accepts that the
credibility of its policy and actions is a prerequisite for the attainment
of its goals and that such credibility can only be achieved and maintained
through independent action, firmness of principle, resoluteness and fixed
intent. |
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List of banks in Liberia
governed by the Central Bank of Liberia |
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Bank Name |
Telephone |
Fax |
Website |
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AccessBank Liberia |
(+231) 7785 0812 |
N/A |
www.accessbank.com.lr |
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Ecobank Liberia |
(+231) 226 428 |
(+231) 7701 2290 |
www.ecobank.com |
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Guaranty Trust Bank Liberia |
(+231) 7749 9992 |
(+231) 7749 9995 |
www.gtbanklr.com |
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Global Bank Liberia |
(+231) 6425 760 |
N/A |
www.globalbankliberia.com |
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International Bank (Liberia) |
(+231) 226 505 |
(+231) 226 092 |
www.ibliberia.com |
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Liberian Bank for Development
and Investment |
(+231) 226 366 |
(+231) 226 359 |
www.lbdi.net |
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United Bank for Africa Liberia
Limited |
(+231) 6895 895 |
N/A |
www.ubagroup.com/ubaliberia |
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