CBL grants street money exchangers permit


The Central Bank of Liberia (CBL) has agreed to permit members of the National Street Vendors & Scratch Card Dealers (NSVSCD) to conduct foreign exchange operations.

The CBL is also considering establishing a Category C license for NSVSCD members. NSVSCD members will be required to obtain individual business registration from the Ministry of Commerce & Industry on or before September 30, 2018 in order to be licensed by the CBL under the regulations of the Category C license.

The agreement was reached following a meeting between the Technical Economic Management Team (TEMT) and the National Street Vendors & Scratch Card Dealers (NSVSCD) to agree on terms intended to align the organization with the policy measures introduced on July 18, 2018 to address the depreciation of the Liberian Dollar. The policy measures announced in relation to the NSVSCD prohibited the organization from engaging in foreign exchange operations and limited them to selling scratch cards.

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