Monrovia - The Central Bank of Liberia (CBL) has disclosed an increase of money sent from Liberia via local banks to foreign countries. Report by Bettie K. Johnson Mbayo, This email address is being protected from spambots. However, he said the exchange rate and inflationary pressures persist in the wake of the elections uncertainties. He says there is continuous high demand for Forex (foreign exchange) to facilitate imports, infrastructural challenges, and other external factors, especially continued low trending in global commodity prices. “If this is done, it will help to boost exports receipts and reduce import payments, thus, improving the Country’s trade balance,” he said.

Source: Front Page Africa December 22, 2017 03:45 UTC