10 April 2014

Liberia: U.S. Re-Open Liberian Missions' Accounts

The Ministry of Foreign Affairs says the banking situation involving Liberia's diplomatic missions near Washington DC and New York have been resolved with the opening of new bank accounts.

A Foreign Ministry's press release dated April 8 says the Embassy of Liberia in Washington, D.C. and the Liberian Mission at the United Nations has now had new bank accounts, respectively at Capital One Bank.

The Ministry also says the Consulate General Office in New York has its new bank account at Abacus Federal Savings Bank, announcing its pleasure to report the restoration of banking activities for its missions in the United States.

It can be recalled, the Foreign Ministry in a statement last week said it was working with the US State Department, the Liberian Missions in DC and New York, US Embassy near Monrovia, as well as the Ministry of Finance and the Central Bank of Liberia to resolve the problem in the shortest possible time.

Liberian Missions in the United States were among over 80 other missions in the US that were confronted with a serious banking crisis recently as a result of a decision by US Commercial Banks to terminate banking relationship with those missions.

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