The International Monetary Fund says the depreciation is due to factors like excessive borrowing, the use of foreign currency to pay for imported goods and services, currency speculation, high interest rate and inflation.
Annual Report Shows Currency's Continued Decline
Observer, 23 July 2019
If the Annual Reports of 2016-2018 are correct, Liberia has, allegedly, used US $600M to fight the decline of the Liberian currency exchange rate. The payment is comprised of $381M… Read more »
Specimen of the new LD 500 banknote.
Will Gbeneweleh Continue in Missing U.S.$16 Billion CBL Case?
Observer, 24 July 2019
Chief Justice Korkpor to decide Read more »
Did Central Bank Collect Taxpayers' $7m Based On Fake Loan?
Observer, 27 June 2019
What is Liberia's total debt? Or what makes up Liberia's total debt? President George Weah Administration is providing limited information on Liberia's debt. For instance, the… Read more »
President George Manneh Weah has asked citizens to unite with different economic powers in attracting foreign investors to invest in the country's economy. Read more »
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