Liberia: Finance Minister Samuel Tweah Wants Adequate Supply of Banknotes that Can Circulate Outside the Commercial Banks - News Summed Up

Liberia: Finance Minister Samuel Tweah Wants Adequate Supply of Banknotes that Can Circulate Outside the Commercial Banks


Minister Tweah said printing new banknotes would not solve the problem until confidence is regained in the bank. And the reason why it cannot be solved is the quantity of money that is not coming back is staying out of the banks,” Minister Tweah said. “The new estimation is that we have to print a quantum that will allow for certain people to keep their money outside until confidence is restored in the banks,” Minister Tweah said. When asked about the four billion dollars, Minister Tweah said all of the four billion Liberian dollars can be accounted for, adding the Central Bank is supervised by international experts. Call LBDI, call ECO-Bank, call all of the commercial banks and ask how many dollars of this four billion the government gives you they will give you the answer,” Minister Tweah said.


Source: Front Page Africa January 07, 2021 06:22 UTC



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