The Central Bank of Liberia (CBL) was established on October 18, 1999 by an Act of the National Legislature of the Republic of Liberia. It became functional in 2000 and succeeds the National Bank of Liberia (NBL). Mr. Elie E. Saleeby served as the Bank's first Executive Governor.

The principal objective of the CBL is to achieve and maintain price stability in the Liberian economy. To this end, it seeks to preserve the purchasing power of the national currency; promote internal and external equilibrium in the national economy; encourage the mobilization of domestic and foreign savings and their efficient allocation for productive economic activities; facilitate the emergence of financial and capital markets that are capable of responding to the needs of the national economy, and foster monetary, credit and financial conditions conducive to orderly, balance and sustain economic growth and development.

The powers of the Bank are vested in a Board of Governors, responsible for the formulation and implementation of policy. The Board consists of five Governors who are appointed by the President of Liberia subject to confirmation by the Liberian Senate.

The management of the Bank is conducted by an Executive Governor who is also Chairman of the Board of Governors and two Deputy Governors who serve as principal assistants to the Executive Governor. They are appointed by the President of Liberia subject to confirmation by the Liberian Senate.

Banking

Government

Central Bank of Liberia

J. Aloysius Tarlue, Jr.

Nyemadi D. Pearson Mba

Maway T. Cooper - Harding - Director

Adolphus D. Tweh

The Operations Team at the Central Bank of Liberia is responsible for executing the Bank's monetary policies and ensuring the smooth functioning of its operational processes. This includes managing currency issuance, overseeing payment systems, and facilitating financial transactions to promote stability and efficiency in the national economy. Additionally, the team plays a vital role in coordinating with other financial institutions to support economic growth and development initiatives.

Operations Team

About

Team members

Other teams at Central Bank of Liberia

Information Technology Team