MONROVIA,LIBERIA-The Director of Research and Policy at the Central Bank of Liberia (CBL) says about forty-percent of the total Liberian currency in circulation is mutilated.
Mr. Jefferson Karmoh said:” The amount of mutilated banknotes on the market is a serious obstacle to availability of the local currency.”
Speaking in an ELBC interview Wednesday, April 7, 2021, Mr. Karmoh said since 2015, the country has recorded doubled digit figures in inflation, with ordinary consumers feeling the full weight.
He, however, disclosed that due to several financial and monetary policy interventions, inflation level dropped in the first quarter of this year.