The Senate has commenced hearings into the Central Bank’s request to print new banknotes to replace the current family of banknotes in circulation.
OP-ED: The New Central Bank Act Should Have an Explicit Dual Mandate
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.
Court Drops Charges Against Former Central Bank Officials
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.
USAID Hires Kroll Associates to Help Central Bank Print Additional Banknotes
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.
Senate Confirms Aloysius Tarlue as New Central Bank Governor
The Senate has voted to confirm Aloysius Tarlue as the new executive governor of the Central Bank of Liberia. The Senate’s decision came on Monday, Dec. 16 at an extraordinary session requested by President George Weah.
Did the Weah Administration Print New Banknotes Without Legislative Approval?
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.
OP-ED: Why the Weah Step-Down Protest is Undemocratic and Unconstitutional
Liberia is still wiping off the dust from the more than 14 years of uncivil war. The years of bloodbath destroyed the entire nation’s economy and is still having its toll today – this is why a political machination in the form of the ‘Weah Step Down Campaign’ that seeks to dethrone a government is frightening.
Full Transcript: Senate Confirmation Statement of J. Aloysius Tarlue, Central Bank Governor Designate
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.