Regulatory Alerts2021-06-18
By-Laws of the Central Bank of Liberia
The Board of Governors of the Central Bank of Liberia adopted these by-laws on December 16, 1999, to repeal prior regulations and establish the institution's foundational operational framework. The document mandates a five-member Board of Governors, designates the Executive Governor as Chief Executive Officer with day-to-day management authority, and outlines staggered five-year appointment terms alongside specific grounds for removal. It further establishes binding procedures for board meetings, quorum requirements, voting mechanisms, financial reporting, and strict confidentiality obligations to ensure effective regulatory oversight.
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