The First International Bank Liberia Limited has begun simultaneously providing Western Union and MoneyGram Money Transfer Services at all of its branch locations in Liberia.
The provision of the Dual International Money Transfer Services started after an official launching ceremony held on July 6 at the bank’s Head Office on Broad Street, Monrovia.
At the official launching ceremony, a proxy for the Executive Governor of the Central Bank of Liberia, Mr. Musah Kamara, congratulated the Management of First International Bank for being the first commercial bank to comply and smartly implement the Central Bank’s Policy recommendation on Remittance services by providing dual international money transfer services.
He said the policy is intended to enhance maximum convenience for the Liberian populace and increase bank’s profitability.
Kamara said the policy recommendation has been on the table for more than a year and the CBL remains unrelenting in ensuring that all commercial banks in Liberia provide both Western Union & MoneyGram Money Transfer Services.
“As you are aware, the deadline for compliance with this recommendation is 30 July, and the CBL will except no excuse from any commercial bank after this deadline”.