The Central Bank of Liberia has clarified a report published by FrontPage Africa and discussed on radio talk shows in Monrovia that it authorized and brought into the country newly printed U.S. banknotes.
Supreme Court Justice Joseph Nagbe has issued a stay order on the ongoing trial of former and current officials of the Central Bank on Liberia who were indicted for illegally printing excess banknotes.
A week after former President Ellen Johnson Sirleaf accused the government of illegally indicting her son Charles Sirleaf, President George Weah has sharply reacted, dismissing the claim.
The Senate has voted to reject President George Weahâ€™s bill that sought to eliminate all tenured positions within the executive branch.
President George Weah is expected to announce a new Board of Governors for the Central Bank of Liberia next week, amid several reports noting that the bank lacks proper systems and controls.
Hours ahead of President George Weahâ€™s address to the nation, a communication has leaked to the public showing Justice Minister Musa Dean requesting that the Liberia Anti-Corruption Commission launch a â€œfull-scale investigationâ€ into the findings of the General Auditing Commissionâ€™s recent report on the US$25 million mop-up funds.
President George Weah will on Wednesday, May 29 address the nation.
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.