The Central Bank of Liberia (CBL) has awarded a contract to Crane Currency to supply the country’s new banknotes.
“CBL is pleased to announce that it has completed a competitive bidding process for the printing of additional Liberian dollar banknotes…” the bank said in a statement.
According to the statement, Crane Currency was selected as the most competitive bid “based on cost and delivery time.”
Five internationally reputable currency printing companies were invited to participate in the bidding process.
The contract applies to the printing and delivery of LRD 4 billion in LRD 500 denomination.
According to the statement, the additional banknotes will help address the lingering liquidity problem and provide the Liberian people easier access to the cash they need to pay for food, school fees, health care, and other essential products and services.