MONROVIA, LIBERIA-The Central Bank of Liberia says the ongoing conflict in the Middle East could significantly affect the prices of major commodities on the global market.
The CBL Director of Monetary Policy and Research, Rajie Adnan, says given Iran’s role as a major distributor of fuel oil, the conflict could trigger a sharp increase in global fuel prices, with possible ripple effects on Liberia’s economy.
Speaking on ELBC’s Money Matters program on Wednesday, March 4, 2026, Adnan expressed hope that the war would not be prolonged, noting that a sustained conflict could disrupt global trade facilitation.
He added that should the situation persist, the Central Bank stands ready to deploy its reserves to absorb potential economic shocks and ensure the Liberian dollar remains stable and efficient.
Adnan said,” The CBL is currently following the developments in Iran closely to macro-economic stability and fair pricing”.