CENTRAL OF

CONTACT OF LIBERIA FINANCIAL MARKETS DEPARTMENT LYNCH & ASHMUN STREETS , LIBERIA +231 555 960 567 Interest Rates & Maturity

The Central Bank of Liberia (CBL) Bills Who can invest? Effective Annual Return of the CBL The CBL Bills are liquid Liberian-dollar Bills is 30%. However, the rates are investment instruments issued by the Central The CBL Bills are available to all registered quoted on a periodic basis. The Bank of Liberia that allows investors to earn a businesses and licensed financial longer the maturity of your fixed interest on their investment with institutions within Liberia, as well as the investment, the higher the interest minimum risk of default. At the end of the general public. Investment in the and the shorter the maturity, the investment period, the investor will receive instruments can be done through financial lower the interest. interest plus the original amount of institutions. The minimum investment investment. amount is L$10,000 (Ten Thousand Effective Liberian Dollars). Annual Benefits Maturity Periodic Rate Rate The CBL Bills derive the following benefits: How to Invest? 30% 12 Months 30.00% i. Provide investors with risk-free CBL Bills are available at all commercial 30% securities because they are backed in Liberia, including their branches 6 Months 14.02% around the country, and Rural Community 30% by the CBL. 3 Months 6.78% Finance Institutions (RCFIs). However, 30% 1 Month 2.21% ii. Encourage the development of interested investors can only purchase the bills at a commercial bank or an RCFI. 30% domestic money, capital and 2 Weeks 1.01% Interested investors shall be required to fill a secondary markets. form indicating the amount to be deposited in Redemption, Sale, & Transfer the account for the investment and provide a iii. Restore the store of value function of passport sized photo. Investment is done on Given the shorter tenor for the the currency. every working Friday. instruments, the CBL will only redeem the bills at maturity (2 weeks, 1, 3, 6 and/or 12 iv. Serve as a source of income for Payment Periods months). short, medium and long terms All investment from 2 (two) weeks to 12 investors. (twelve) months shall accrue interest plus the If an investor wants to discount an principal immediately upon maturity. investment before maturity, the v. Serve as a catalyst for businesses to commercial bank or an RCFI should be raise funds by issuing their own debt Investors have the discretion to stop further used to sell to the general public or transferred to any individual or institution and equity instruments on the investment or reinvest in the CBL Bills after chosen by the investor. Note: Early maturity. Liberian Market. redemption is based on availability of a

buyer in the secondary market. vi. Easily transferable to beneficiaries. 1 2 3