Businesses, financial institutions and the public are invited to invest at least LD10, 000 in the Central Bank of Liberia’s (CBL) Bill and receive as much as 7%. The Bill will be launched on February 15, 2019.
Investors who do not want to wait for one year can re-sell their CBL Bill to any prospective buyer and still make a profit on their initial investment. For example, investors who re-sell their LD10,000 after six months will gain a profit of LD350.
The CBL Bill is guaranteed by the CBL so there are no risks to those who invest in it. Even if there is a change in the exchange rate it will have no impact on the investment.
The purpose of the CBL Bill is to create a culture of savings among Liberians and promote financial inclusion for the Liberian People.
In addition, those who invest in the Central Bank Bill can use it as collateral to obtain loan so that they can invest in other business ventures. Although the minimum investment required is LD10,000 there is no limit to how much one can invest in the CBL savings program.
This is not the first time CBL has issued its Bill. CBL has been issuing bills since 2013 through financial institutions. All previous Bills have been redeemed.