“Only L$5 and L$10 are being minted,†CBL clarifies
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Loading... - Nina Quansah
- 15 Aug 2022
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The Central Bank of Liberia (CBL) says it is only minting coins in L$5 and L$10 contrary to speculations that it is minting L$30 and L$25.
The CBL in a statement issued Friday, August 12, said its move is consistent with May 6, 2021, Joint Resolution of the National Legislature authorizing the Central Bank of Liberia (CBL) to print and mint the new family of Liberian currency totaling L$48.734 billion.
CBL explained that delivery of the coins will begin in the 4th quarter of 2022 and infused into the economy through the commercial banks.
It stated that new coins are smaller, much lighter, and easier to carry than the previous coins in circulation. The minted coins are round, nickel-plated steel, with the L$5 weighing 3.6 grams and the L$10 weighing 4.8 grams. Read More...
