Monetary Policy Framework

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Monetary Policy Framework of the Central Bank of Liberia as Approved by the Board of governors of the Bank (Resolution No. BR/R-02/2005) during its 2nd Regular Meeting held on June 22, 2005.

 I. INTRODUCTION 

 II. MONETARY POLICY OBJECTIVE 

 III. TRANSMISSION MECHANISM 

 IV. DOLLARIZATION 

 V. MONETARY OPERATIONS 

 VI. MONETARY INSTRUMENTS 

 VII. MARKET DEVELOPMENT 

 VIII. CONCLUSION AND RECOMMENDATION

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The idea of an Association of African Central Banks was first introduced on May 25, 1963, at the Summit Conference of African Heads of State and Government held in Addis Ababa, Ethiopia. In this regard, African Heads of State and Government unanimously agreed to set up a preparatory Economic Committee to study a large range of monetary and financial issues, in collaboration with Governments and in consultation with the Economic Commission for Africa (ECA).

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