Monrovia, Oct. 9 -- The Central Bank of Liberia (CBL) has kept its benchmark Monetary Policy Rate (MPR) unchanged at 16.0 percent but has raised the share of US dollar deposits commercial banks must keep in reserve, a move aimed at chipping away at the country's heavy reliance on the greenback.

Rodney D. Sieh

The decision came out of the bank's Monetary Policy Committee (MPC) meeting held on Tuesday, October 6, 2026, and was announced in Communique No. 28, signed by Executive Governor and MPC Chairman Henry F. Saamoi.

Dollar reserves go up

The committee increased the reserve requirement ratio on US dollar deposits by two percentage points, from 10 percent to 12 percent. The requirement on Liberian dollar deposits stays at 25 percent....