It’s Not Missing’- CBL Has The Money

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    Central Bank of Liberia (CBL) said in a statement Tuesday its internal assessment of money printed and brought imported between 2016 and 2018 shows that no money is missing.

    “The total amount of money printed and placed in the reserve vaults of the Bank was L$15.5 billion for the period of 2016- 2018,” Executive Governor Nathaniel Patray said.

    This amount, he said, was verified from the CBL internal documents and documents received from the Crane Currency of Sweden (the contracted printer).

    “The Central Bank of Liberia wants to clarify to the general public and our partners in progress that there is no 16 billion Liberian Dollars missing, as has been erroneously reported in the media,” Patray said.

    “The CBL has no records showing that monies printed under its authority have not yet been delivered into its reserve vaults. Records from Crane Currency of Sweden, which was contracted to print the money, show that Crane delivered L$15.5 billion through the Freeport of Monrovia and the Robert International Airport between 2016 and 2018 and that all these monies were logged by the CBL and delivered into the reserve vaults of the CBL.

    Central Bank staff will corporate with the investigative panel the government has established to probe the flow of money between 2016 and 2018, the Governor added.

    Liberian authorities and international partners are in the process of securing the services of a reputable International Forensic Audit Firm to conduct a forensic audit of all flows of printed money for the two year period ending 2018, he revealed.

    Besides the local panel, the Weah administration has asked the United States of America, the Africa   Union (AU), Economic Community of West African States (ECOWAS), the United Nation Nations (UN), and the International Monetary Fund (IMF) to aid with the investigation.

    News of the Liberian banknotes being allegedly diverted from the central bank to unknown locations broke when Liberian journalist, Philibert Browne, told a radio talk show that consignments of banknotes amounting to L$9billion were imported in a container and bags through the Freeport of Monrovia and Roberts International Airport but were taken elsewhere not deposited in the bank’s vault.