CBL to Destroy More than Half-a-Billion Mutilated LD Banknotes

Above: Samples of the current banknotes in circulation. A new family of LRD banknotes is expected to replace these.

As part of the currency reform exercise, more than half-a-billion in mutilated Liberian dollar banknotes will be burnt by the CBL on Saturday, January 29, 2022, in Bentol, Montserrado County.

In the interest of sustaining the increasing public confidence and transparency in the ongoing currency change-over program, the exercise will be opened to the public.

Several stakeholders, including representatives of the International Monetary Fund (IMF), the United States Agency for International Development (USAID), World Bank, African Development Bank, and the United Nations Development Program (UNDP) were invited Also invited were representatives of the House & Senate Committees on Banking & Currency, the Ministries of Finance & Development Planning and Internal Affairs; the Liberia Bankers’ Association; as well as civil society organizations and the press were invited to also witness the destruction of the mutilated banknotes. 

Saturday’s open-air destruction is being carried out with due adherence to the environmental standards of the country.