In 2016, the total amount of L$5,146,250,000 printed and shipped by CRANE Currency was received by the Central Bank of Liberia. In 2016, the contract between the Central Bank of Liberia and CRANE Currency to print the 5,000,000,000 Liberian dollar banknotes was valued of US$5,210,000. The amount of 359,750,000 Liberian dollar banknotes was printed in excess of the 10,000,000,000 Liberian dollar banknotes contracted for by the Central Bank of Liberia. In 2017, the Central Bank of Liberia contracted CRANE Currency to print 10,000,000,000 Liberian dollar banknotes at a contract valued of US$10,121,689.20. The Central Bank of Liberia did not provide any amendment to the contract or any document to justify the overpayment.

Source: Front Page Africa March 01, 2019 14:37 UTC