Several banking institutions that were toured by our staff on assignment to ascertain the actual facts surrounding this situation, discovered that at some of these banking institutions, the presence of dozens of customers in queue to withdraw from their US Dollar accounts, but as usual were disappointingly told by tellers of these banks, “The system is down”. According to our source at one of the banking institutions toured, some officials of the Liberian government have allegedly refused to deposit their US Dollars here in Liberia, but rather preferred to do so at various foreign banks, this according to our source gives rise to the scarcity of the US Dollars in Liberia. “early this year, Liberian Government informed Liberians about the introduction on the Liberian market new bank notes including the five hundred Liberia dollars in its bid to replace the old bank note, but we are yet to see this happening, as mutilated Liberian dollars bank notes are still visible even though new money was printed,” Abraham O. Johnson, a Liberian businessman speaking to our team said. Effort by this outlet to contact the President of the Liberian Bankers Association, Mr. John Davies proved unsuccessful as his mobile lines rang endlessly. Investigation continues(Visited 105 times, 74 visits today)Commentscomments

Source: GNN Liberia March 09, 2017 17:15 UTC