Foreign Exchange Rate Climbs: L$ Value Dropping Against US$

CBL Latest Buying And Selling Rates

Back in January this year, the Central Bank of Liberia issued this statement on the monetary policy rate:

“The Central Bank of Liberia’s (CBL) Monetary Policy Committee (MPC), after a thorough assessment of global and domestic economic developments, has decided to retain the Monetary Policy Rate (MPR) at 17.0 percent as well as the Liberian dollar and US dollar reserved requirement ratios of 25.0 percent and 10.0 percent, respectively. The MPC also decided to re-introduce the corridor system, offering standing credit facility (SCF) at the upper band of MPR plus 2.5 percentage points and standing deposit facility (SDF) at the lower band of MPR minus 7.5 percentage points.”