Liberian central bank attacks legislation as ‘forced de-dollarisation’
Central bank calls for gradual approach to prevent possible severe consequences
Liberia’s central bank has strongly criticised draft legislation before the country’s parliament, saying it would amount to “forced de-dollarisation”, possibly leading to severe macroeconomic imbalances.
The Central Bank of Liberia (CBL) says the lower house of the country’s legislature, the House of Representatives, recently voted to give a first reading to an amendment of parts of the 1999 law governing the central bank. The vote would effectively make only the domestic currency, the Liberian
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