The Central Bank of Liberia (CBL) is the country's primary financial institution, responsible for managing the nation's currency and monetary policy. Established in 1999, its main objectives include maintaining price stability, promoting economic growth, and ensuring a stable financial system. The CBL oversees the issuance of the Liberian dollar and regulates commercial banks and other financial institutions. It also plays a crucial role in managing foreign exchange reserves and implementing policies to foster a sound banking environment, contributing to the overall economic development of Liberia.