-As Pres Weah’s mandate takes effect
Monrovia, Liberia – In keeping with the President’s mandate to infuse USD $25 million into the economy to mop out excess Liberian dollars on the market, we are excited to announce to the public that the exercise has begun and is in full-swing, the Executive Mansion has disclosed.
Within two days of the President’s mandate, the Economic Management Team have been able to mop out over $239 Million Liberian dollars in excess liquidity out of the market.
According an Executive Mansion press release, this signifies the President’s commitment to stabilize the economy through the implementation of stringent regulatory measures and strong monetary policies for both the short and long terms.
This is in order to address the current rapid depreciation of the Liberian dollar to the U.S. dollar.
We cannot emphasize enough how resolved and committed the President is, in addressing the current economic crisis we are confronted with.