Liberia: Lecturer Recommends Single Currency Legislation

19 November 2019

A lecturer at Cuttington University in Bong County, David M. Kolleh has called on the 54th Legislature to consider the passing into law the adoption of a single currency here, specifically the Liberian Dollar, before the printing of any new money.

"I strongly believe that if we have single currency here before printing new money, it will be fine for our economy because we will no longer experience too [much] infliction," he told a press conference in Bong County.Mr. Kolleh notes that the devaluation of the Liberian currency has brought untold suffering to all Liberians, especially those who cannot afford.

Mr. Kolleh emphasizes the need for urgent government steps to be taken to tackle the situation here.The Cuttington University lecturer says calls for the printing of new money is a giant step forward that the Coalition for Democratic Change (CDC) government should implement without delay.

Mr. Kolleh warns that any attempt to ignore his suggestion and go ahead with the printing of new money will further increase the already unstable economic situation in the Country.The Cuttington University lecturer feels any hasty printing of new money will lead to an unending economic crisis in the Country.By Joseph Titus Yekeryan in Bong-Edited by Winston W. Parley

See What Everyone is Watching

More From: New Dawn

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.