By: Melvin Flomo
MONROVIA, April 21, 2026 — The Central Bank of Liberia (CBL) has announced plans to print L$79 billion in new Liberian dollar banknotes between 2026 and 2030, alongside a proposal to introduce a new L$2,000 denomination.
Executive Governor Henry Saamoi disclosed the plan Tuesday during an appearance before the Liberian Senate, outlining a phased printing schedule that will begin with L$14.7 billion in 2026, followed by L$64.3 billion over the subsequent years.
Saamoi emphasized that the initiative is not aimed at flooding the economy with cash, but rather at addressing critical currency management needs. He told lawmakers that the exercise will replace worn-out and damaged banknotes, meet increasing demand for cash transactions, and support broader monetary policy objectives.
According to the CBL, an estimated 7 percent of the L$48 billion previously printed is damaged annually, creating a recurring need for replacement. The governor noted that the new printing cycle will help stabilize the Liberian dollar and improve the bank’s ability to conduct effective monetary policy.
The plan also factors in future economic shifts, including the possibility of a transition toward a “de-dollarization” regime. Saamoi warned that such a move could increase demand for Liberian dollar banknotes beyond the proposed L$79 billion.
A key highlight of the proposal is the introduction of a L$2,000 banknote, which would become the country’s highest denomination if approved. The current highest note in circulation is L$1,000.
However, the CBL has not yet disclosed the total cost of printing the new banknotes.
Both the expanded printing plan and the introduction of the new denomination remain subject to legislative approval. Lawmakers are expected to review the proposal in the coming weeks.
Liberia’s last major currency printing and replacement exercise was authorized in 2021.
About the Author
