By B. Linus Flomo
(Freelance)
In a major development for the Central Bank of Liberia (CBL), the former National Housing Bank located down Waterside in Monrovia, has undergone a great transformation. The CBL has successfully converted the building into a modern state-of-the-art currency center.
This newly revamped edifice is set to revolutionize the operations of the CBL, providing a dedicated hub for all currency-related activities.
One of the key functions of the facility will be the disposal of mutilated or old bank notes. The currency center will play a major role in securely destroying these bank notes, ensuring the integrity of the national currency.
This development marks a significant step forward for the CBL in streamlining its operations and enhancing efficiency. This modernization of the former National Housing Bank into a currency center showcases the commitment of the CBL to meeting the evolving needs of the financial sector.
The inauguration of this currency center is expected to bring about positive changes in the management and distribution of currency, ultimately benefiting the economy and the people of Liberia.
