As part of the "robust measures" to address Liberia's current economic malady, especially as it relates to inflation and depreciation of the local currency, the government has ordered a freeze on the local money trade for 24 hours beginning today, July 18, 2018, believing this to be a main source of the problem.
The move is to facilitate a meeting between the government's fiscal and monetary authorities of the Ministry of Finance and Development Planning (MFDP) and Central Bank of Liberia (CBL) and money exchangers and bureaux. The meeting will center on the effective supervision and regulation of the foreign exchange market.
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