Liberian central bank publicly burns outdated currency
Move aims to rebuild public trust after long-running “missing banknote” controversy
Liberia’s central bank publicly burnt a large quantity of withdrawn banknotes, in a gesture aimed at winning back public trust after a major controversy.
The central bank burnt old or mutilated banknotes worth over L$600 million (US$3.9 million), news site FrontPage Africa reported on January 31: “The burning took place in the presence of civil society actors, members of the legislature and development partners.”
“We are bringing new money into the country and so we want to be transparent and
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