Amid Public Negative Perception: Liberia’s Central Bank Holds Second Economic Forum To Create Public Awareness, Understanding Of Its Monetary Policy And Functions

CBL Executive Governor, Nathaniel Patray, III

In order to regain public trust which has been lost over the years due to negative perceptions of its operations, the  Central Bank of Liberia (CBL) on Friday, September 27, 2019 held the second edition of its Economic Forum aimed at creating public awareness and understanding of CBL’s monetary policy and functions.

“As the economy is currently undergoing a period of challenges, it is important that CBL engages the public on the financial and macroeconomic policy decisions it is embarking upon to create transparency and better public understanding of CBL operations,” the CBL said in a statement on Thursday.

The theme of the forum will be “De-dollarization in Liberia: Implications for Effective Monetary Policy”, with Dr. Musa Dukuly, Deputy Governor for Economic Policy, serving as a keynote speaker and Prof. A. Richard Dorley, Member of the CBL Board of Governors, as moderator.

“The Forum on de-dollarization remains at the heart of important macroeconomic discussions because of the perceived adverse implications of de-dollarization on the current monetary arrangement in Liberia,” the Bank said.

“The presentation of de-dollarization geared towards setting a stage and stimulating debate among stakeholders, the student community, civil service actors and policymakers to engender a clear and common vision on the de-dollarization process.”

The event was held in the CBL’s auditorium and brought together representatives of the business community, financial sectors, student community, youth group, Government ministries, policymakers, and key stakeholders.

Among those in attendance are: Elie E. Saleeby, former Executive Governor of CBL; Geoffrey Oestreicher, International Monetary Fund (IMF) Resident Representative in Liberia; Mr. John B. S. Davis III, President, Liberia Bank for Development and Investment; and Prof. Geegbae A. Geegbae, Vice President for Institutional Development and planning, University of Liberia, among others.

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