MONROVIA, LIBERIA-The Central Bank of Liberia (CBL) has dismissed reports that there is a shortage of Liberian Dollars in the financial system.

In a release, CBL said recently, commercial banks held 1.65 billion Liberian Dollars in vault cash balances to serve customer withdrawals and payments, contrary to the reports.

The release quotes the CBL as reaffirming its continued commitment to maintain strong reserves to support Liberia’s financial system.

It said CBL’s excess reserves have more than 2 billion Liberian Dollars compared to September 2024, underscoring strong liquidity.

Meanwhile, the Central Bank of Liberia said it remains committed to safeguarding monetary and financial stability, ensuring the availability of Liberian dollars across the banking system.