Weah's Govt Struggling with Banknote Shortage in Liberia

Liberian President George Weah presides over a country of 4.8 million people with a predominantly cash-based economy. In December 2020, Liberians started seeing a shortage of Liberian dollars at banks. In the same month, the government executive arm was asked to account for damaged  banknotes before the national legislature could authorise the printing of new banknotes. Finance Minister Samuel Tweah said: "I think the government wants to replace the entire stock of money and hit a monetary reset button. He added that the legislature needed to discuss authorising the printing of more banknotes, writes Daniel Finnan for Radio France Internationale. In the meantime, traders at markets are feeling the pinch as the lack of Liberian dollars directly affect their pockets.


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