SADLY, PRIOR to the printing of additional LD banknotes, the banking system had experienced dire liquidity problems, including mutilated banknotes and insufficient banknotes in the banking system to meet depositors’ demand for cash. IT IS APPROACHING FOUR months now since the Central Bank of Liberia announced the secure arrival of additional LD4 Billion Liberian Dollar banknotes into the country. According to Madam Pearson, there are L$ 21 billion in circulation with huge sum of mutilated notes on the market. This, she said makes the Four Billion Liberian Dollars grossly insufficient to address the issue of mutilated banknotes on the market. SADLY, PRIOR to the printing of additional LD banknotes, the banking system had experienced dire liquidity problems, including mutilated banknotes and insufficient banknotes in the banking system to meet depositors’ demand for cash.

Source: Front Page Africa October 01, 2020 07:18 UTC