The government of Liberia recently reported that it is investigating the mysterious disappearance of L$16 billion newly printed bank notes that were reportedly brought to the country between last November and March this year. But records have shown that the Legislature did not approve the printing of the amount, as required by the constitution.
The government of Liberia has extended an invitation to the National Civil Society Organization and other institutions to form part of the team investigating the whereabouts of the reported L$16 billion of newly printed bank notes.
The Liberian government has issued a notice identifying several persons of interest in the investigation of the alleged disappearance of L$16 billion (US$104 million) in newly printed Liberian dollar banknotes from the Central Bank of Liberia.
In the wake of mounting pressure from the local media and public over the apparent disappearance of containers and bags of monies, Eugene Nagbe, Liberia’s information minister, says the government cannot confirm that there is money missing.
The Economic Management Team says it has agreed to permit street vendors and scratch card dealers to conduct foreign exchange operations.
The much-anticipated meeting between the Economic Management Team and money exchangers ended in a deadlock on Wednesday, July 18 at the Central Bank of Liberia.
President George Weah has disclosed that the government will infuse US$25 million into the country’s economy as a measure to strengthen the Liberian dollar currency.
Following President George Weah’s speech on the state of the economy on Monday, the Central Bank of Liberia has cited all foreign exchange operators to a meeting on Wednesday to find a solution to the economic crisis.