Liberia Merchant Capital Limited (LMC), a company incorporated in the Republic of Liberia which has been licensed by the Central Bank of Liberia (CBL) as regulator for the financial sector in Liberia to operate as a discount house under the New Financial Institutions Act of Liberia of 1999. In June 2021, the CBL issued the Operational Guidelines for Discount Houses in Liberia as a basis for the licensing, operation and regulation of discount houses.