Regulatory Alerts2019-11-06
Amended Foreign Exchange Auction Rules and Regulations
The Central Bank of Liberia has issued amended rules and regulations to govern foreign exchange auctions under its Managed Float Regime. The framework establishes an Auction Supervisory Committee to oversee monthly interventions and mandates that commercial banks submit bids online via the Depo/X platform using a uniform pricing mechanism. Participants must provide valid import documentation, ensure sufficient account funds for same-day settlement, and face suspension penalties for falsified bids or non-compliance.
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