During a courtesy visit by the US Embassy’s Charge d’Affaires, the Central Bank of Liberia said it is moving ahead with plans to diversify the country’s reserves through gold and framed the effort as part of a broader push to strengthen financial stability while preserving the bank’s operational independence. Governor Henry F. Saamoi presented the gold initiative as a reserve management measure and used the meeting to reiterate that the central bank’s autonomy remains central to its policy role. The bank said it is conducting study tours in Ghana with the Bank of Ghana and at a gold refinery in Dubai to benchmark best practices in gold reserve management. In the same meeting, the US side announced the resumption of US Treasury Office of Technical Assistance support to the Central Bank of Liberia, with a planned September visit to Liberia, and highlighted renewed support for the insurance sector, including work toward an Insurance Commission as sole regulator. The release also referred to a recent Federal Reserve Bank of New York visit that noted substantial progress in Liberia’s financial sector since its previous review three years earlier, while the governor cited the launch of the Liberia Payment and Interbank Settlement System and the establishment of a training center as other strategic priorities.
Central Bank of Liberia2025-09-01
Central Bank of Liberia advances gold reserve diversification plans and reaffirms operational independence
The Central Bank of Liberia said during a meeting with the US Embassy that it is advancing plans to diversify reserves into gold and reiterated that its operations will remain independent. The bank is benchmarking gold reserve practices in Ghana and Dubai, while the United States said US Treasury technical assistance to the central bank will resume with a September visit.