TCA Investigation Reveals CBL Drops Coins from New Liberian Currency Printing

By: Anthony Dahn

An investigation by The Closing Argument (TCA) has established that the Central Bank of Liberia (CBL) has removed the planned production of Liberian coins from the country’s new currency printing program.

Findings from the investigation indicate that the CBL agreed with recommendations from the House of Representatives Committee on Banking, Currency and Insurance to discontinue the minting of certain denominations of coins, particularly the L$5 & $10 coin, following growing public concerns over their limited circulation and acceptance.

The investigation further reveals that under the ongoing L$79 billion currency printing exercise, the L$5 and L$10 denominations, which had previously been issued as coins, will instead be reintroduced as paper banknotes.

Sources familiar with the process say the decision is intended to address persistent challenges faced by Liberians in receiving, using, and storing coins, as many businesses and commuters have long complained that coins are often rejected in commercial transactions despite remaining legal tender.

The move is expected to ease public frustration over the handling of coins while improving the circulation and accessibility of lower-denomination currency across the country. However, it remains unclear what plans the Central Bank has for the existing coins already in circulation or whether a formal withdrawal process will be announced.