Regulatory Alerts2026-06-16
CBL Directive on Deposits of Banknotes
The Central Bank of Liberia issued Directive No. CBL/E-GOV/DLR/002/2026 to mandate the segregation and handling of Liberian Dollar Series 3 banknotes while prohibiting the commingling of legacy and counterfeit notes in daily deposits. Licensed commercial banks are required to cease accepting legacy banknotes, exchange them exclusively at the CBL Head Office, and maintain robust internal controls to prevent the recirculation of unfit or counterfeit currency. Non-compliance triggers strict financial penalties based on the value of violations, alongside mandatory reporting of counterfeit detections and submission of compliance evidence within one month.
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