- Search Results
 
 
L$10,830 Million In Circulation - CBL
Date Uploaded: Apr 03, 2017

Montserrado County Flag

 

L$10,830 Million In Circulation - CBL

By Stephen N. Sonpon

MONROVIA, April 3 (LINA) - A total of 10.8 million Liberian dollars is in circulation, the Central Bank of Liberia (CBL) has reported.

The CBL 2016 Annual Report released recently stated that the amount indicates an expansion of 4.6 percent at the end of November 2016 from L$10,537 in December 2015. 

The report attributed the increase in the circulation of the local currency to a 2.9 percent increase in currency outside banks.

It stated that the expansion of currency held by the public was historical as the festive Christmas season approached and is usually typical of higher customers’ outlay.

The report said the total currency in circulation at the end of the review period, currency in the public accounted for 91.7 percent, adding that the Monetary Policy stance of the CBL is aimed at the attainment of price stability through broad exchange rate stability.

CBL’s intervention in the foreign exchange market, the report aid, has been the readily available policy instrument to influence domestic monetary conditions in the economy. 

According to the report, the GoL’s Treasury bills and Treasury bond are also aiding liquidity management as they helped to scale down excess liquidity in the banking system. 

The report stated that CBL will remain strongly supportive of the national economic development agenda, particularly the agendum for financial inclusion, considering the need for access to finance by critical sectors of the economy, including agriculture and manufacturing.

LINA SNS/JGT/TSS/PTK

latest headlines
Coca-Cola Africa Recommits To WASH Promotion
Coca-Cola Bolstering Africa’s Resilience and Replenish Africa Initiative Programs say more than six million Africans are expected to be reached ...more
Children Forum Craves Justice In Bong
More than 150 children from the 13 administrative districts of Bong County under the umbrella of the Liberian Children Forum have gathered in Gba ...more
PUL To Hold Conflict Sensitive Journalism, Social Media Activists Training
The Press Union of Liberia (PUL) has announced that it will hold a two-day Conflict Sensitive Journalism and Social Media Activists Training from ...more
UN Begins Women Confab In Bong
The United Nations Entity for Gender Equality and Empowerment of Women in Liberia is currently conducting four-day Peace Hut Women Strategic Plan ...more
CU Prexy Brown Is 170th Independence Day National Orator
The Ministry of Foreign Affairs has announced that Dr. Herman Beseah Browne, President of the Cuttington University is the 170th Independence Ann ...more
Justice Youh, 3 Female Judges Attend All-Women Regional Confab In Abuja
An all-female Liberian delegation, comprising an associate justice and three judges, recently attended the International Association of Women Jud ...more
 
All rights reserved © 2013 - 2014
Liberia News Agency