New CBL Boss Vow Rigorous Changes

The newly appointed Governor of the Central Bank of Liberia (CBL), Nathaniel Patray has vowed to institute rigorous changes at the nation’s premier banker’s bank.

Speaking at his official taking over ceremony of the institution in Monrovia Monday, August 6, 2018, Governor Patray said he will ensure that it will not be business as usual at the CBL-where employees were linked to ‘dubious’ operations.

He said he will ensure a major shift in the internal structure of the CBL, where the Public will again start trusting and believing in the operations of the institution.

According to him, in as much as he will not be interested in getting people from their jobs (dismissal), no room for corrupt practices will be condoned under his leadership.

He called on employees to gather their acts together in making CBL reliable and trustworthy.

Mr. Patray replaces former CBL Governor, Milton Weeks who resigned a month ago due to unspecified reasons.

His appointment comes at the time when Liberia’s economy is facing serious challenges ranging from inflation in the local currency, unstableness in the foreign exchange rate (US$), decline in the price of the country’s major export commodities in the world market, among others.

“I firstly want to be thankful to President George Manneh Weah for appointing me to run the affairs of this great institution. I can assure him, he will not be disappointed,” he intoned.

He furthered

“Together we all will make the difference. We will all work towards the change that we yearned for in the past. I’m not interested in getting people off their job; all I’m interested in is for us to work in the interest of the Liberian people.”

The New CBL Governor who was appointed by President George M. Weah on Wednesday, July 4, 2018 once served on the board of the institution and has over 30 years of experience in the country’s banking sector.

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