Liberian Dollar In Free Fall As UN Departs

Liberia’s DOLLAR, Africa’s second-worst performing currency, will weaken a further 7.5 percent by year-end as the WITHDRAWAL of United Nations troops and sliding exports cut inflows, according to Ecobank Transnational Plc. The Liberian dollar fell 13.5 percent this year to TRADE AT 92.50 per U.S. dollar through yesterday inthe capital, Monrovia. That’s the biggest drop among 24 African CURRENCIEStracked by Bloomberg after Ghana’s cedi this year. The dollar may weaken to 100 by year-end, Ecobank, the continent’s most geographically diverse lender, said. “UN missions in Liberia are scaling down their operations and relocating to areas where there are conflicts because…

Read More