Central Bank of Liberia

The Central Bank of Liberia (CBL) was established on October 18, 1999, by an Act of the National Legislature and began operations in 2000, succeeding the former National Bank of Liberia (NBL). The bank's principal objective is to achieve and maintain price stability in the Liberian economy. Its core functions include issuing the legal tender currency, managing monetary policy, administering foreign exchange reserves, acting as the fiscal agent and banker to the Government of Liberia, and regulating the nation's financial institutions to ensure the stability and soundness of the financial system.