Regulatory Alerts2026-03-12
Directive Concerning Transition from Manual Clearing to Automated Cheque Processing
The Central Bank of Liberia mandates all licensed commercial banks and financial institutions participating in the National Payment Systems to transition from manual to automated cheque processing under its ACP/ACH framework. The directive establishes a phased timeline beginning March 20, 2026, requiring institutions to issue standardized MICR-encoded cheques and demonstrate operational readiness by July 1, 2026. Manual clearing will be fully discontinued on August 1, 2026, after which all checks must be cleared exclusively through the automated system to enhance payment integrity and reduce operational costs.
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