Nathaniel Patray finally out of CBL

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CBL ex-governor Nat Patray

At long last, Liberia’s Central Bank governor Nathaniel Patray has finally resigned his position as Executive Governor after it was announced by president George Weah more than four months ago.

 

President George Weah in July announced that his government was restructuring the Central Bank of Liberia and the bank’s executive governor was to go for compulsory retirement in 90 days. The president pronouncement was greeted by commendations from several Liberians as many of them said Mr. Patray was unfit for the position.

According to an Executive Mansion release, the former CBL Executive Governor resigned on October 24, 2019 with immediate effect.

President Weah profoundly thanked Mr. Patray for his services to the Government and people of Liberia. 

He said Mr. Patray’s acceptance to serve as a Governor during the challenging times was remarkable and wished the former CBL Governor well.

The Liberian Leader assured Mr. Patray that he can be called upon to serve his Country in other capacities when the need arises.

Meanwhile, the Liberian Leader has named Dr. Musa Dukuly as Officer-In-Charge of the Central Bank of Liberia pending the appointment and subsequent confirmation of a new Governor. 

There has been a public out cry from citizens in the country calling for the removal of the former CBL Governor and Finance and Development planing Minister Samuel D Tewh. 

The Central Bank of Liberia previously called “National Bank of Liberia” was founded on 18 October 1999 by an act of national legislature and began operations in 2000. It is a member of the Alliance for Financial