–Until Completion of CBL ReconstructionSenate Protempore, Albert T. Chie, has announced the Senate’s declination of the the request tendered by the Executive Branch of government for the printing of new banknotes to replace the current ones in circulation. Based on what he said was an advice from the CBL, President George Weah in September wrote the Senate, to authorize the printing of new local currency, to replace the current one. “While the decision needs to be made now to address this issue that impacts the economy, it is important to note that the printing of banknotes will require your approval, in accordance with Article 34(d) through the 1986 Constitution,” President Weah said. I suggested then, at that moment, that we ought to change everything on the market and replace it with new notes. How do we have control if we allow them to keep L$35 billion in their vault?

Source: Daily Observer October 08, 2019 02:26 UTC