Regulatory Alerts2021-06-18
Amendment to Part IV, Section 10 of the Central Bank Act (1999)
The Liberian Legislature enacted this amendment to Section 10 of the Central Bank Act (1999) to restructure the bank's executive leadership. The law mandates that the President appoints one Executive Governor and two Deputy Governors, each serving five-year terms subject to Senate confirmation. These deputies will oversee distinct portfolios for administration and finance versus policies and non-bank financial services, while the Board of Governors retains authority to establish additional departments as needed.
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