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Central Bank of Liberia (CBL) To Issue New Bank Notes Soon
MONROVIA – July 27, 2016:
The CBL wishes to inform the general public that in keeping with its statutory mandate to at all times ensure that the integrity of the Liberian Dollar is uncompromisingly maintained, the CBL will shortly introduce a new series of banknotes into the Liberian economy.
This new series includes, among others, the unifying nature of the existing Liberian Banknotes, and as such, has maintained all previous portraits. The CBL has also reinforced the security features in the new series, which are both visible and invisible. In addition, the Bank has ensured that the new series is printed on a higher quality substrate to guarantee longevity and reduce porosity. The new series also introduces a new denomination of L$500 (Five Hundred Dollars), in addition to the present denominations.
In 2000, the CBL introduced the new Liberian Dollar bank notes as a unified currency to replace the old “J.J.” banknotes. Since its introduction in to the economy, the Liberian banknotes have undergone minor technical redesign and security feature enhancements. All this is geared towards maintaining public confidence and at the same time deterring fraud and counterfeiting. In addition to preventing fraud and counterfeiting, the CBL also takes keen interest in tackling the two major risk issues associated with banknote lifespan, namely: soiling and porosity.
The CBL, therefore, confirms to all stakeholders, including the general public that the new series of banknotes to be released, will be fully on par with the existing Liberian Dollar Banknotes as legal tender for all transactions.
To assist with what is anticipated to be Frequently Asked Questions (FAQs) about the new series of banknotes that will be issued soon, a FAQs Sheet is also being issued to assist all stakeholders in clarifying any questions regarding the new banknotes.
For further details contact:
Cyrus Wleh Badio
Head of Communications
Central Bank of Liberia
Email: wlehbad@gmail.com/wlevan1000@yahoo.com
