Regulatory Alerts2020-01-08
Amended Foreign Exchange Auction Rules and Regulations No. CBL/FMD/09/2019
The Central Bank of Liberia issued these amended rules to govern foreign exchange auctions under a managed float regime, replacing the 2013 regulations. The framework mandates commercial banks and licensed foreign exchange bureaus to submit firm, document-backed bids through the Depo/X platform for a uniform price auction with same-day settlement. It establishes strict reporting timelines, disqualification criteria for late or falsified bids, and suspension penalties for non-compliant participants to ensure market transparency and exchange rate stability.
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