President Weah's Mandate in Full-swing; As Economic Management Team Mops out over LRD $239 Million in Excess Liquidity

Wednesday, 18th July 2018
President Weah
President Weah
Photo Credit: Executive Mansion Photo

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. 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.

 

This signifies the President’s commitment to stabilize the economy through the implementation of stringent regulatory measures and strong monetary policies both short and long terms in addressing 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.

 

Signed:

Hon. Sam Mannah

Presidential Press Secretary