Economy
Liberia: Finance Minister Samuel Tweah Wants Adequate Supply of Banknotes that Can Circulate Outside the Commercial Banks
Monrovia – While the Central Bank of Liberia (CBL) says the current liquidity crisis the country is faced with is as a…
Economy
Economy
Liberia: Finance Minister Wants Authority to Print New Banknotes Taken from the Legislature
MONROVIA – Finance and Development Planning Minister, Samuel Tweah, says politicizing of monetary issues in Liberia is leading to the “erosion of…
Economy
“Sooner or Later, We Will Not Find Liberian Dollars to Use” – Min. McGill Raps on the Need to Print More Banknotes
MONROVIA – Liberia’s Minister of State for Presidential Affairs, Nathaniel McGill, has predicted the intense shortage of the Liberian banknotes on the…
Business
Liberia: “Ivory Coast, Guinea or Ghana not Using Our Money, So Where Is Our Money Gone?” – Traders’ Wahala No Christmas Money
Monrovia – Christmas is around and ordinary Liberians are complaining “there is no money” in the country. Despite this, few places still…
Economy
Central Bank of Liberia Says It Needed to Have Printed L$7.5bn to Meet Demand for Liberian Dollars
Monrovia – The Central Bank of Liberia (CBL) has attributed the shortage of Liberian and United States dollar banknotes on the Liberian…
Economy
U.S. Embassy Warns Travelers of Difficulty in Getting Cash from Banks in Liberia
MONROVIA – The United States Embassy in Monrovia has warned its citizens and permanent residents visiting Liberia of the difficulties in getting…
Economy
IMF Board Approves US$48.8M Extended Credit Facility Support to Liberia
MONROVIA – The Board of the International Monetary Fund provided additional financial assistance of US$48.8 million to Liberia under the Extended Credit…
Economy
Central Bank of Liberia Board Retains Monetary Policy Rate at 25%
MONROVIA – The Board of Governors of the Central Bank of Liberia (CBL), during its November 17, 2020 sitting, approved to retain…
Economy
Liberia: Speaker Blames Scarcity of Liberian Dollars on Hoarding by Foreign Businesses
MONROVIA – House Speaker Bhofal Chambers has blamed businesses in Liberia for creating what he called “artificial shortage” of the Liberian dollars…
Economy
Liberia: Marketers Feel the Pinch as Liberian Dollars Become Scarce, U.S. Exchange Rate Depreciates Steeply; CBL Promises to Act Swiftly
MONROVIA – The abrupt sharp decline in the exchange rate between the Liberian and United States dollars is said to be worsening…