Liberia: The Forex Market Needs Serious Regulation

editorial

Pronouncement by the Executive Governor-designate for the Central Bank of Liberia weed out foreigners from the forex market is welcome news, but perhaps too late and counterproductive.

Governor Nathaniel Patray, a professional with a wealth of experience at the Central Bank told the Senate Committee when he appeared for confirmation hearing Friday, 20 July at the Capitol that he's considering plan to savage the deteriorated liquidity crisis in the country by removing from the market foreigners operating forex bureax.

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