President George Manneh Weah has again written the Liberian Senate requesting its authorization to allow the Central Bank of Liberia to print L$4bn to "ease current liquidity situation."
In a communication dated December 15, 2019, President Weah emphasized the increasing liquidity needs of the economy, informing the Senate that the current liquidity projection of the CBL, compared with a very low Liberian dollars vault cash position of both the CBL and commercial banks, makes it imperative to infuse additional banknotes to ease the liquidity pressure as a short-term measure.
He further said "based on the fact that there exists high pressure on the volume of currency in circulation, I request the Legislature, in accordance with the constitution of Liberia to authorize the Central Bank of Liberia to print and infuse L$4.0 billion of the present currency to ease the current liquidity pressure in the country.
Adding that, he trusts that the Legislature will respond in a timely manner, in the interest of our nation and it's people... ."