Regulatory Alerts2020-01-08
Central Bank of Liberia Bills Auction
The Central Bank of Liberia has established rules for issuing marketable bills through regular multiple-bid interest rate auctions to enhance systemic liquidity management. Commercial banks holding accounts at the central bank may bid directly, while non-bank investors participate through them, with successful bids settled daily via automatic account debits. The framework facilitates a secondary market for trading and pledging bills as collateral, establishing a short-term securities benchmark to support future government treasury operations and domestic capital markets.
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