The Liberian Senate has mandated its committees on ways, means, finance, and banking and currency to probe into the accelerating depreciation of the Liberian dollar against the U.S. dollar currency and the resulting adverse effect on the economy.
The justice ministry has requested that organizers of the pending June 7 protest provide documentation establishing their legal status, in order to grant their request for permit and security for protesters.
Finance Minister Samuel Tweah has announced that the government has decided to issue a new currency to immediately address the increasing U.S.-Liberian dollar exchange rate.
The International Monetary Fund through a team of experts has completed its Article IV Mission to Liberia, citing that high inflation threatens the success of the government’s pro-poor agenda.
The Liberia National Police says it is investigating the death of Matthew Innis, the Deputy Director for Micro Finance in the Regulation and Supervision Department at the Central Bank of Liberia or CBL.
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.