CBL doubles move to withdraw mutilated banknotes

The Central Bank of Liberia or CBL announced over the weekend that it will today Monday, July 10, resume the removal of mutilated banknotes off the Liberian market.The CBL said part of the effort would include assigning teams to major markets in and around Monrovia for the direct exchange of mutilated banknotes, in continuation of its ongoing program to withdraw mutilated Liberian dollar banknotes from the local market,

The CBL currently has two dedicated teller windows at its head office to facilitate the exchange of mutilated banknotes. In addition, all CBL cash centers in other parts of the country, including Zwedru, Grand Gedeh County; Voinjama, Lofa County; Gbarnga, Bong County and Tubmanburg, Bomi County, are continuing to exchange mutilated banknotes.

The Bank said it will continue its collaboration with the Liberian Marketing Association to embark on a direct exchange of mutilated notes for clean notes in seven market places, including Central Red Light; Red Light Goba Chop; Duala; Waterside; Rally Time; Old Road and ELWA markets.

The CBL is, therefore, urging all marketers and the public at large to bring all mutilated banknotes for exchange at these market sites, regional payment centers or the CBL head office.