Monrovia - The variance in the exchange rate between the United States dollar and the Liberian dollar is influencing uncertainties in the Liberian market. Although the Central Bank of Liberia claims it controls the exchange rate, the disparity between the bank’s certified exchange rate and the market rate is massive creating uncontrollable hike in the prices of basic commodities. However, FrontPage Africa has gathered that there is huge disparity of the day-to-day exchange rate on the market. At different locations in Monrovia and its environs, the exchange rate ranges from L$137/L$1.00 to 138.25/L$1.00. The exchange rate is angering many ordinary citizens and small business owners say it puts their livelihood at risk.

Source: Front Page Africa April 05, 2018 01:41 UTC