Monrovia – The government of Liberia has confirmed that the Central Bank of Liberia (CBL) brought in money in the tone of over US$58 million in the country to help with the liquidity challenges faced by various commercial banks. “In keeping with its normal operations, the CBL brought in some US dollars and we want to announce that to the public. According to him, the money was brought in the country because commercial banks have been faced with liquidity challenges. Fofona explained that in any instance should the government intend to print addition Liberian dollar banknotes, it will follow the constitutional mandates in doing so. “We want to clarify that no Liberian dollar banknotes were brought in the country, when we want Liberian dollar banknotes we know how to do that and that obviously will be through the National Legislature,” he said.

Source: Front Page Africa December 06, 2019 01:18 UTC