CBL Releases L$2.7 Billion to Commercial Banks,

[Observer] Against the backdrop of rising public concern about the acute difficulty faced by the public at large to access cash from remittances through Western Union and MoneyGram as well as from individual deposits, the Governor of the Central Bank o…

[Observer] Against the backdrop of rising public concern about the acute difficulty faced by the public at large to access cash from remittances through Western Union and MoneyGram as well as from individual deposits, the Governor of the Central Bank of Liberia(CBL), Milton Weeks, has disclosed that the CBL has provided an amount of L$2. 7 billion roughly equivalent to US$21,259,842 to address the liquidity crunch. He says the amount, provided since last week is intended to contribute to economic growth and the livel

source: AllAfrica News: Liberia