The Senate has commenced hearings into the Central Bank’s request to print new banknotes to replace the current family of banknotes in circulation.
The new Central Bank of Liberia Act, among others, should have an explicit dual mandate of price stability and maximum employment within the Liberian economy.
Judge Yamie Gbeisay has dropped criminal charges against Charles Sirleaf and three other former Central Bank of Liberia officials in the ongoing L$16 billion saga. Former bank governor Milton Weeks will now be tried alone.
The United States Agency for International Development, USAID, through the U.S. Embassy in Monrovia, has contracted the Kroll Associates to assist the Central Bank of Liberia during the printing of an additional L$4 billion in new banknotes.
The Senate has voted to confirm Aloysius Tarlue as the new executive governor of the Central Bank of Liberia. The Senateâ€™s decision came on Monday, Dec. 16 at an extraordinary session requested by President George Weah.
The importation and infusion of banknotes into circulation are routine activities of the Central Bank under its monetary authority. However, these mundane banking functions have come under intense scrutiny and triggered deep public sensitivities in the wake of recent scandals.
Liberia is still wiping off the dust from the more than 14 years of uncivil war. The years of bloodbath destroyed the entire nationâ€™s economy and is still having its toll today â€“ this is why a political machination in the form of the â€˜Weah Step Down Campaignâ€™ that seeks to dethrone a government is frightening.
I am deeply honored and humbled that His Excellency, Dr. George Manneh Weah, President of the Republic of Liberia, has nominated me to serve our country in another capacity, having served as chairman of the Liberia Electricity Regulatory Commission.