MONROVIA – With heavy hearts and without option, Liberians accepted mutilated Liberian dollar banknotes from commercial banks and in many cases, they could not get Liberian dollars at all. The banks had said the Central Bank was not issuing them sufficient Liberian dollars; yet, new Liberian dollar banknotes suddenly surfaced on Wednesday. “The Central Bank of Liberia has issued out to commercial banks, unused Liberian dollar banknotes that have been in its custody, in the vaults. “The Central Bank of Liberia has issued out to commercial banks, unused Liberian dollar banknotes that have been in its custody, in the vaults. The shortage of the Liberian dollar on the market resulted to a drop in the exchange rate from 212 Liberian dollars to 1$ to 195 Liberian dollars to $1.

Source: Front Page Africa December 12, 2019 06:45 UTC