Central Bank of Liberia, RTGS (RTS/X) and SSS (DEPO/X)
CMA is carrying on the project for providing Central Bank of Liberia with CMA’s Real Time Gross Settlement (RTGS) and Scriptless Security Settlement (SSS) systems. After the Central Bank of Liberia has joined the West African Monetary Zone (WAMZ), it became part of the project initiative of the Payment System Development program in the West African Monetary Institute (WAMI). Sponsored by the African Development Fund, it is part of WAMZ Developmental program, which requires a robust payment and settlement systems to ensure the deepening of the region’s financial system.
Out of the 4 WAMZ members (Gambia, Sierra Leone, Guinea) CMA’s solutions in Gambia and Sierra Leone are already in live mode. In Liberia RTGS system went live in February 2016.
For the entire community, the new system will allow to fulfill their regional and national objectives including: improvement of the financial intermediation efficiency, a better systemic risks management in the financial sector and an easier liquidity management which will ease monetary policy implementation.
Status: The RTGS system went into live operation in February 2016. The SSS (DEPO/X) system is under implementation.