(See page # 5 of the 2016 Central Bank of Liberia Audited Financial Statements.) (See page# 27 about the sale of government bonds or treasury bills within the 2015-2017 Economic Analysis Report of the Central Bank.) The Governor of the Central Bank of Liberia, Mr. Milton Weeks, commenting on the liquidity crisis, stated that the US$444 million outflow of remittances was responsible for the liquidity crisis. The President and her advisers stated that the decline in global prices of commodities was the source of Liberia’s liquidity crisis. Revenue collection was normal; therefore, it can be concluded that the Central Bank cash management is responsible for the liquidity crisis.

Source: Daily Observer January 04, 2018 02:15 UTC