MONROVIA, LIBERI-A Liberian Economist has described the sharp rise in the exchange rate as what he termed as inflationary pressure from external forces.

Mr. Samuel Jackson said:” Prior to the recent rise in the exchange rate, the Liberian Government has already maintained inflation at less than eight percent.”

Mr. Jackson, however, noted that measures are being put in place by the Liberian Government Economic Management Team to ensure the stability of the exchange rate.

Meanwhile, he also boasted of increased confidence in the country’s Banking Sector, and the huge demand for electronic transactions.

Mr. Samuel Jackson spoke on ELBC Super Morning Show on Monday, July 3, 2023.

By: Emmanuel Kollie