The organization aims at helping the Central Bank of Liberia to regulate foreign exchange activities. According to NAFEBOL president, their engagement with the government over the years has helped them expand essential economic programs and currency exchange rate service to the general public. According to NAFEBOL President, there are 75 licensed bureaus and more than 75 unlicensed foreign exchange bureaus that are currently operating in Liberia. This, he says, violates section 21.0 of the CBL Act, and called for full compliances of the Act. “It’s our belief at CBL that this new leadership will go beyond Montserrado County, since the CBL data collection, foreign exchange rate is now nationwide,” he said.

Source: Front Page Africa January 31, 2020 07:30 UTC