The Central Bank of Liberia (CBL) invites businesses, financial institutions and the public to invest at least 10,000 Liberian Dollars in its Bill and receive as much as 7 percent interest.
The CBL says although the minimum investment required is LRD10,000.00 there is no limit to how much one can invest in the CBL savings program.
A release from the CBL says the Bill will be launched on February 15, 2019.
The release says investors who do not want to wait for one year can re-sell their CBL Bill to any prospective buyer and still make a profit on their initial investment. “For example, investors who re-sell their LD10,000 after six months will gain a profit of LD350”, the CBL explains.
It says the Bill is guaranteed by the CBL so there are no risks to those who invest in it, and even if there is a change in the exchange rate, it will have no impact on the investment.
“The purpose of the CBL Bill is to create a culture of savings among Liberians and promote financial inclusion for the Liberian People.”
Besides, the release details that those who invest in the Central Bank Bill may use it as collateral to obtain loan so that they can invest in other business ventures.
The release notes this is not the first time CBL has issued its Bill. CBL has been issuing bills since 2013 through financial institutions. All previous Bills have been redeemed. Press Release