In the general business arena, the escalating exchange rate appears to be without control as the rate varies vastly around Monrovia as well as other parts of the country. In Ganta the rate in stores is LRD 108 to 110 while on the street, the rate is LRD 106 to 107. There are varying degrees of understanding among ordinary Liberians about the drivers of the exchange rate among petty traders, which add to the frustration of ordinary people. Recently, the global prices of Liberia’s historically key foreign exchange earners, rubber and iron ore, took a nearly simultaneous nosedive. However, he immediately rejected notions that forex bureaus are responsible for the hike in the exchange rate.

Source: Daily Observer January 30, 2017 01:53 UTC