{"id":8703,"date":"2022-02-05T15:43:03","date_gmt":"2022-02-05T15:43:03","guid":{"rendered":"https:\/\/www.africa-press.net\/liberia\/all-news\/us-govt-cbls-supply-of-banknotes-a-win-for-liberia"},"modified":"2022-02-05T15:55:45","modified_gmt":"2022-02-05T15:55:45","slug":"us-govt-cbls-supply-of-banknotes-a-win-for-liberia","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/liberia\/all-news\/us-govt-cbls-supply-of-banknotes-a-win-for-liberia","title":{"rendered":"US Gov&#8217;t: &#8220;CBL&#8217;s Supply of Banknotes a Win for Liberia&#8221;"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Liberia. <\/strong><\/span>The United States Embassy in Monrovia has congratulated the Central Bank of Liberia (CBL) on the successful completion of a competitive and transparent process for selecting vendors to supply a new family of Liberian dollar banknotes and coins.<br \/>\nLeveraging technical assistance provided by the United States Agency for International Development (USAID), CBL\u2019s Board of Governors, management, and staff designed and implemented a procurement process that attracted competitive bids from leading international suppliers.<br \/>\nThe selected vendors will produce and deliver more than L$40 billion in new banknotes and coins in 2022 and 2024 to replace the domestic currency in circulation, address the liquidity problem Liberia currently faces, and provide the Liberian people easier access to cash.<br \/>\nThanks to its use of international standards and best practices, the CBL is supplying technically sound banknotes and coins at the best possible value.<br \/>\nUSAID Liberia Mission Director Jim Wright hailed the \u201ccompetitive procurement efforts of the CBL,\u201d adding that \u201cthey should stand as a model for government procurement in Liberia.\u201d<br \/>\nCBL Executive Governor J. Aloysius Tarlue commended the government and people of the United States for their assistance and noted \u201cthe importance of public confidence in the Central Bank to facilitate its role in growing the Liberian economy and creating jobs and economic opportunities for all Liberians.\u201d<br \/>\nGovernor Tarlue acknowledged the level of knowledge transfer and capacity-building<br \/>\nUSAID\u2019s technical support was brought to the CBL, which, along with additional technical support from the International Monetary Fund (IMF), placed the Bank in a better position to effectively conduct and manage the currency changeover process going forward as well as future currency procurement.<br \/>\nThe competitive procurement marks the closeout of USAID\u2019s two-year-long technical assistance program to help the CBL more effectively perform some of its core functions, especially the management of the Liberian currency and creating the necessary monetary stability for broad-based and inclusive economic growth.<br \/>\nIn addition to the current competitive procurement of more than L$40 billion, USAID supported the emergency printing of L$4 billion in L$500 banknotes that arrived in Liberia in July 2020 to help ease the liquidity pressures in the country.<br \/>\nIn 2021, USAID supported the procurement of an additional L$8 billion to further address short-term liquidity needs.<br \/>\nThe first L$4 billion of new L$100 banknotes arrived safely in December 2021, and the second L$4 billion is scheduled for February 2022.<br \/>\nUSAID congratulates the CBL for its successful currency procurements over the past two years, and although USAID assistance is ending at this time, the U.S. Government will continue to provide technical support to the CBL through other channels.<br \/>\nUSAID remains a close partner of the CBL and an advocate for continued transparency and competition in all public procurement in Liberia.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/liberia\">Liberia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Liberia. The United States Embassy in Monrovia has congratulated the Central Bank of Liberia (CBL) on the successful completion of a competitive and transparent process for selecting vendors to supply a new family of Liberian dollar banknotes and coins. Leveraging technical assistance provided by the United States Agency for International Development (USAID), CBL\u2019s [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":8702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,237,234],"class_list":["post-8703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-liberia","tag-liberia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>US Gov&#039;t: &quot;CBL&#039;s Supply of Banknotes a Win for Liberia&quot; - Liberia<\/title>\n<meta name=\"description\" content=\"The United States Embassy in Monrovia has congratulated the Central Bank of Liberia (CBL) on the successful completion o ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/liberia\/all-news\/us-govt-cbls-supply-of-banknotes-a-win-for-liberia\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Gov&#039;t: &quot;CBL&#039;s Supply of Banknotes a Win for Liberia&quot;\" \/>\n<meta property=\"og:description\" content=\"The United States Embassy in Monrovia has congratulated the Central Bank of Liberia (CBL) on the successful completion o ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/liberia\/all-news\/us-govt-cbls-supply-of-banknotes-a-win-for-liberia\" \/>\n<meta property=\"og:site_name\" content=\"Liberia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-05T15:43:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-05T15:55:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2022\/02\/img-61fe9deb7cca6.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1400\" \/>\n\t<meta property=\"og:image:height\" content=\"780\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/us-govt-cbls-supply-of-banknotes-a-win-for-liberia#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/us-govt-cbls-supply-of-banknotes-a-win-for-liberia\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"US Gov&#8217;t: &#8220;CBL&#8217;s Supply of Banknotes a Win for Liberia&#8221;\",\"datePublished\":\"2022-02-05T15:43:03+00:00\",\"dateModified\":\"2022-02-05T15:55:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/us-govt-cbls-supply-of-banknotes-a-win-for-liberia\"},\"wordCount\":471,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/us-govt-cbls-supply-of-banknotes-a-win-for-liberia#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2022\/02\/img-61fe9deb7cca6.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Liberia\",\"Liberia\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/liberia\/all-news\/us-govt-cbls-supply-of-banknotes-a-win-for-liberia#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/us-govt-cbls-supply-of-banknotes-a-win-for-liberia\",\"url\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/us-govt-cbls-supply-of-banknotes-a-win-for-liberia\",\"name\":\"US Gov't: \\\"CBL's Supply of Banknotes a Win for Liberia\\\" - 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