Monrovia — The Central Bank of Liberia (CBL) has issued a firm statement assuring the public there is no shortage of Liberian dollars in the economy. This comes amid persistent rumors and concerns over currency availability. The CBL’s message is clear: all commercial banks are mandated to honor customer requests for withdrawals. The bank emphasized that citizens’ deposits are their rightful property, and banks are legally obligated to make them accessible on demand.
In a move to increase transparency and accountability, the CBL is urging the public to report any commercial bank that refuses to pay out deposits. This directive is part of the central bank’s broader effort to ensure that banking services remain fair and accessible to everyone. The CBL’s press release stated, “Together, we can ensure that banking services remain fair and accessible to everyone.”
The CBL has taken several proactive steps to stabilize the financial system and manage liquidity. On September 10, 2025, the bank announced that the Liberian dollar had appreciated and that there was no shortage of currency in the market. As of September 3, 2025, commercial banks had L$1.65 billion in vault cash, which the CBL deems adequate to meet customer needs. This, coupled with the CBL’s own robust reserves, is intended to instill public confidence.
The CBL’s focus on maintaining stability and liquidity is part of its ongoing strategic plan. Recent communiques have highlighted measures such as maintaining the Monetary Policy Rate (MPR) to combat inflation and keeping reserve requirements for banks steady. The bank is also encouraging the use of the Liberian dollar in everyday transactions to further strengthen the national currency.
In a public notice issued in Monrovia today, the CBL encouraged customers to report any commercial bank that refuses to allow a withdrawal.
The CBL hotlines to report commercial banks involved in any withdrawal denial are: 0887-367-539 or 0772-289-013.
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