(Monrovia, Liberia April 25, 2026) The Senate Press and Public Affairs, categorically rejects recent allegations circulated by Spoon Talk claiming that the Senator requested financial inducement from officials of the Central Bank of Liberia and the Ministry of Finance, Development and Planning in order to grant the printing of additional Liberian dollar banknotes, as being requested by authorities of CBL.
A release issued in Monrovia under the signature of the Press and Public Affairs director of the Liberian Senate Augustine T.Saah says the claims are unfounded, misleading, and entirely unsupported by credible evidence.
Legislative oversight proceedings, including the recent public hearing conducted by the Senate Joint Committees on Banking and Currency and Public Accounts, are formal and transparent processes governed by law and guided by principles of accountability. At no point during or after the hearing was any such request made by Senator Joseph K. Jallah or any member of the joint committee.
The allegations are speculative commentary rather than substantiated facts. Public hearings of this nature are attended by a broad range of stakeholders, including members of the media, civil society organizations, and technical experts. Any improper conduct would have been observed and reported through credible and verifiable channels.
Senator Jallah, like all members of the Liberian Senate, operates under established legislative rules and ethical standards that strictly prohibit acts of corruption or misconduct.
It further that accusations of this nature must be supported by verifiable evidence, not rumor or conjecture propagated through informal platforms.
Furthermore, the decision by the Senate Joint Committees not to recommend, at this stage, the request by the Central Bank to print approximately 79 billion Liberian dollars was based on sound economic and policy considerations not personal interest or inducement.
Key considerations include:
Inflation Risk:
Printing such a significant volume of currency could substantially increase the money supply, thereby triggering inflation and eroding the purchasing power of ordinary Liberians. The Committees, therefore, requested supporting documentation from the Central Bank to justify the proposed action.
Currency Stability Concerns:
The Liberian dollar is already under pressure against major foreign currencies. Increasing the volume of banknotes without adequate economic backing could further weaken the currency and destabilize the exchange rate.
Lack of Clear Economic Justification:
The Committees require detailed and convincing justification from the Central Bank authority regarding the necessity of printing such a large amount. Concerns remain as to whether the request is grounded in genuine liquidity management needs.
Public Confidence and Trust:
Decisions concerning the national currency must preserve public confidence. Approving a large-scale printing exercise without clear safeguards could undermine trust in the financial system.
In light of these concerns, the Joint Committees have requested additional information from the Central Bank Governor to enable a comprehensive review and to ensure that any recommendation made to plenary is in the best interest of the Liberian people.
The Press and Public Affairs Department of the Liberian Senate is urging media institutions and the public to prioritize accuracy, responsibility, and fact-based reporting in matters of national importance.
