Liberia, April 22 -- Monrovia - The Central Bank of Liberia (CBL) has unveiled an ambitious currency expansion plan aimed at stabilizing the economy, proposing the printing of L$79 billion in new Liberian dollar banknotes and the introduction of a L$2,000 denomination note.

By Obediah Johnson, obediah.johnson@frontpageafricaonline.com

CBL Executive Governor Henry F. Saamoi said the move is intended to address severe cash shortages, replace mutilated banknotes, and meet rising transaction demands across the economy.

Speaking Tuesday, April 21, at a public hearing before the Senate Joint Committee on Banking and Currency, Ways, Means, Finance and Budget, and Public Accounts and Audit at the Capitol Building, Saamoi warned ...