Liberia Economy In Collapse
Jefferson G. Togba
The government must be ashamed of itself for the shortage of its local currency. Isn’t that an economic sabotage? No economy can function well in the absence of Monetary supply whether physical cash or cashless system.
Only money obtains available goods and services as well as for debts settlement. Even in a cashless society you must have money to pay for services and purchases of goods. The holder of accounts have options in a cashless economy.
The Central Bank of Liberia fails to supply money into the economy as one of its keys functions. In other words, we don’t know the total money in circulation and depositors’ money is been held due to liquidity problems. How shortage of currency occurred in the economy when we have a CBL?