Monrovia - Many Liberians are complaining about the astronomical increase in the exchange rate between the United States dollar and the Liberian dollar. Some are blaming the inability of Central Bank of Liberia for failing to regulate the exchange rate while other are blaming of export carry on in the country. In other countries, people deal with foreign exchange bureau to transact foreign exchange business. The US dollars these people want we that are doing the money exchange business cannot give it to them, so they are not the cause for the US rate problem. This is a practical example of the effects on the increase of the foreign exchange rate.

Source: Front Page Africa January 27, 2017 03:38 UTC