The Government of Liberia has announced that it will on today Wednesday, 27 October, through the Ministry of Commerce, the Central Bank of Liberia, and the Ministry of Justice, release a joint statement on the prevailing macroeconomic situation pertaining the link between the recent appreciation of the Liberian dollar bank notes relative to the United States dollar, and price stability.
A Ministry of Information Cultural Affairs and Tourism (MICAT) statement copied the press yesterday indicated that the joint release will detail and specify mechanisms that the Government will take to enforce the prevailing exchange rate posted daily by the Central Bank of Liberia.
“This joint Statement will be fully backed by the Ministry of Justice – responsible for law enforcement in the country,” the MICAT statement stressed.
According to MICAT, the joint ministerial statement will be aired on various national and community radio stations in the country.
Meanwhile, on Thursday, the Government will also hold a major press conference at the Ministry of Information Culture Affairs and Tourism to discuss the joint statement and provide additional clarity that may be needed by the public.
The Government is urging that members of public follow these developments as the GoL strives to assure macroeconomic stability.