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Currency News

Central Bank of Liberia Moves to Control Arbitrary Foreign Exchange Rate Hike

08 Apr 2018 19:58Front Page Africa
Meanwhile, as part of its efforts to withdraw mutilated Liberian Dollar banknotes from circulation, the CBL will establish a special teller window in the CBL Banking Hall to cater to NAFEBOL members for the exchange of mutilated Liberian Dollar ... more

Liberia: Foreign Exchange Rates Spark Price Hike of Basic Commodities

04 Apr 2018 20:46Front Page Africa
While they appreciate some of government moves thus far, they want the Weah-led government to prioritize stabilizing the economic through the regulation of prices and controlling the continuous depreciation of the Liberian dollar. “You can be self ... more

Flaws in Proposed Single Currency Regime

02 Apr 2018 21:27Liberian Daily Observer
However, Mr. Davies believes that the use of the Liberian dollar as sole currency will cause local banking institutions to lose relationships with foreign correspondent banks to maintain their offshore accounts (accounts held in foreign banks), which ... more

Orange-Liberia Launches Lowest Priced Bundle in Liberia

11 Mar 2018 20:18Front Page Africa
Monrovia - In line with is overall objective to support the Liberia's pro-poor agenda, Orange Liberia has announced a new bundle which it is calling “the cheapest and most affordable bundle in Liberia. more

LD$40 For Each: Egg Scarcity Hits Liberian Market

18 Feb 2018 20:58Front Page Africa
“We are buying egg at this price currently because those who import the egg got to change the Liberian dollar into US$ and the rate here is very higher, so we as business people have no choice but to sell the egg just like we are buying it from them ... more

Gov't Loses Millions over Unaccounted for Work, Resident Permits

14 Feb 2018 20:30Liberian Daily Observer
Also, a document entitled 'Ministry of Labor (MOL) Collection Data,' obtained from the Sector Ministry Section, Domestic Tax Division of the Liberia Revenue Authority (LRA) disclosed that from 2015 up to 2016, they collected US$3,708,350 and L$179,000 ... more

From Where I see Weah..

06 Feb 2018 19:41The New Dawn Liberia
Any Liberian or foreigner who will keep more than two-thousand US dollar in his/her private bank account said account should be an investigated by the National Security Service (NSA). more

Sudden Drop in Exchange Rate Heightens Vulnerability of Liberia's Economy

31 Jan 2018 20:48Front Page Africa
For a fragile economy like Liberia's, uncertainties can be uncontrollable and when the movers-and-shakers of the sector are anxious, the local foreign exchange market takes a warp. more
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