MFDP Minister Boima Kamara told FrontPageAfrica during an exclusive interview in late December 2016 that the government was finalizing plans to infuse US$5 million into the foreign exchange market. “So by next week or probably early – maybe going to the second week, there will be some intervention in the market for foreign exchange to the large businesses including small businesses,” the MFDP boss said on December 29. Sesay is confident that once Liberians importers get the adequate amount of US$ from the CBL, exchanging of money on the sidewalk will be control likewise the exchange rate. However, government continues to struggle to make changes that will relieve the pressure Liberians who are paid in Liberian dollar. "Reducing our trade deficit is at the heart of reducing our exchange rate, ensuring the existence of local factories; producing local goods would enable retention of the millions remitted to Liberia,” said political leader of Movement for Progressive Change (MPC).

Source: Front Page Africa January 19, 2017 01:16 UTC