Central Bank of Liberia Says It Needed to Have Printed L$7.5bn to Meet Demand for Liberian Dollars - News Summed Up

Central Bank of Liberia Says It Needed to Have Printed L$7.5bn to Meet Demand for Liberian Dollars


As per regulation, travelers would have to declare cash amount of US$10,000 and above upon arrival in Liberia. “The Central Bank of Liberia (CBL) is fully aware of the current liquidity pressure in the banking system, particularly the limited supply of Liberian dollars. Since then, several communications from the President and efforts by the CBL to get additional money printed have been futile. “What becomes of the difference of L$14 billion, which was not properly answered by the Bank Governor,” he queried. “After the L$16 billion saga with the Liberian people, this money will fall on them if not managed properly.


Source: Front Page Africa December 23, 2020 07:52 UTC



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