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.
Gov’t Asks Civil Society and Others to Join Investigation for Missing L$16 Billion
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.
Travel Ban Issued for Individuals in L$16 Billion Investigation as Former President Comments
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.
Eugene Nagbe Says Gov’t Hasn’t Determined Whether L$9 Billion is Missing
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.
Economic Management Team and Street Vendors Agree on Restrictions
The Economic Management Team says it has agreed to permit street vendors and scratch card dealers to conduct foreign exchange operations.
Economy Management Team, Money Exchangers Meeting Ends in Deadlock
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.
Weah Says Government Will Use US$25 Million to Strengthen Local Currency
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.
Central Bank Calls Foreign Exchange Operators to Discuss Economy
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.