There Appears To be bad blood between two of the country's leading financial institutions, triggering claims and counter claims over the dwindle of the economy, specifically the fall of the Liberian dollar that has resulted into a legislative inquest.
On Wednesday, Finance Minister
"Monetary Aggregates Change over time, reflecting developments in an economy. As an economy expands, as reflected in the growth of GDP, money supply will expand to facilitate economic transaction, which does not necessarily mean pumping of excess Liberian dollars into the economy," CBL clarified. According to the bank, currency in circulation at a point in time is stock arising from accumulation of changes over several years.The CBL noted that for example, "Liberian dollars in circulation at end-December, 2006 was LS2.81 billion end of
Continuing The CBL clarified that monetary policy in 2013 was not expansionary, evidenced by the issuance of CBL bills during the last half of 2015 and up to January, 2014. Understanding of movements in monetary aggregates and their interpretation is very important, but most Liberians do not understand these trends and how it impact on them daily.
Minister Konneh And CBL Governor Dr.
For Us, It is ignominious to see our currency dwindling so rapidly as thought the people in charge of our economy lack the ability to fix the problems.
We Encourage The
Most Popular Stories
- Koch Brothers Step up Anti-Obamacare Campaign
- FDIC Sues Big Banks Over Rate Manipulation
- Vybz Kartel Convicted of Murder
- FDIC Accuses Big Banks of Fraud, Conspiracy
- Stocks Close Lower Ahead of Crimea Vote
- U.S. Consumer Sentiment Falls in Early March
- Ulta Shares Look Good on Strong Q4
- Is Malaysian Airlines Flight 370 in Andaman Sea?
- Jittery Investors Dumping Russian Stocks
- SoCalGas Reaches Record Spend on Diversity Suppliers