Liberians are pondering over the high level of speed the United States Dollars is overwhelmingly taken over the Liberian Dollar, the constitutional currency of Africa’s oldest Republic as the rate between the United States Dollar is drastically climbing to its highest peak. The official CBL exchange rate of the Liberian Dollar to the U.S. Dollar stands at 107 and 109 for selling and buying, and however, the rate is higher in some parts of the country, including Paynesville and Sinkor. Foreign exchange dealers do not like this as it takes them from business and forcing some of them into a different kind of business. All of the customers prefer going to outsiders to get higher rate,” lamented Abubakar Barry of the ASB Foreign Exchange Bureau on Carey. The people want the U.S. [Dollars] so they are just putting plenty Liberian Dollars to get them,” Jalloh told this reporter in a Tuesday interview.

Source: GNN Liberia January 16, 2017 13:25 UTC