The Central Bank of Liberia (CBL) has announced the immediate implementation of a new monetary policy requiring all commercial banks across the country to include coins in Liberian dollar cash withdrawals.
Effective Monday, April 13, 2026, banks are now mandated to ensure that at least one percent of every Liberian dollar withdrawal is paid out in coins. The move forms part of the CBL’s broader strategy to strengthen the circulation and usage of coins within the national economy.
According to the CBL, the policy is intended to address the persistent underutilization of coins in daily transactions. By reintroducing coins more actively into circulation, the Bank aims to improve the efficiency of small-value transactions while easing the pressure on paper currency.
The initiative also seeks to reduce the country’s heavy reliance on banknotes, which often wear out quickly and require frequent replacement. Authorities believe that increasing coin usage will contribute to a more sustainable and cost-effective currency management system.
In its statement, the Central Bank emphasized that coins remain legal tender and must be accepted for all transactions nationwide. The institution is urging businesses, transport operators, and the general public to comply with the directive and embrace the use of coins in everyday commerce.
The rollout of this policy marks a significant shift in Liberia’s cash handling practices, as the CBL calls on citizens to support efforts aimed at building a more efficient and resilient financial system.
