Month: December 2023

Business & Finance, Political Economy

Analyzing the Economic Impact of Liberia’s Dual Currency Policy, A View From the Low-Level Square-table

By Atty. Wonderr Koryenen FREEMAN     Originally Published in February 2015 On February 23rd at the Monrovia City Hall, some of Liberia’s most well-known political and economic elites got together to talk about a perennial economic problem – Liberia’s dual currency policy. It was a “high-level” roundtable, so I wasn’t invited. I make no fuss about that! Like G. Henry Andrews, I am only too content with

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Business & Finance, Political Economy

Liberia’s faltering currency has reached its Rubicon – in search of a “Big Bang” solution                         

By: Wonderr K Freeman, Attorney, Monrovia. Liberia Originally Published in July 2017 Liberians have generally accepted an [LRD/USD] exchange rate in the 50s-60s, and have tolerated an exchange rate in the 70s-80s. They have murmured and grumbled as the rate approached 90s-100s. But an exchange rate above LRD100:USD1, and in fact approaching LRD120:USD1, is a whole new ballgame.  At this stage, prices are running through the

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Business & Finance, Politics & Society

CBL Economic Gospel versus the Reality of a Perpetually Sinking Liberian Dollar                   

by Wonderr K. Freeman           Originally Published in February 2012 Couple of days ago, I was combing through my stack of local dailies, and noticed a recurring theme: streams of good news of the great work the Central Bank of Liberia (CBL) is doing. I came across headlines such as “CBL accounting policies sound”, “banking sector experiences growth, says CBL”,” Liberia foreign reserves swells” etc.. It seems,

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Law & Governance, Political Economy, , ,

Wizard dribbler and master schemer, George Weah, is still dribbling Liberia’s corruption’s fight: an analysis of Liberia’s back-to-back investigation of the USD25m Mop-Up exercise              

Originally Published under a pseudonym – in June 2019 No one doubts that President George Weah is a master dribbler. He has the medals to show for this claim. And in the political realm, master dribbler Weah has also exhibited quite some dribbling skills on the likes of Brumskine, Tubman and Sirleaf. In politics, however, a dribbler is view quite unfavorably, more as a schemer. And

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Business & Finance, Political Economy, Regional & Global, ,

The IMF is just about to learn a new economic theory from Liberia: the theory of the leaking bucket

Originally Published under a pseudonym -in July 2019 President George Weah and his merry band of hustlers currently running the show in Liberia are a band in a hurry: hurry to bring overnight development to Liberia; at least that’s the official line.  They’ve been crisscrossing the globe, from Brussels to Beirut, from Singapore to Beijing, in search of easy and fast cash. Liberians already know a

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Politics & Society, Regional & Global, , ,

Liberia recurrent calls for United States government to intervene in its national challenges; when will the dependency end?       

Originally Published under a pseudonym – in October 2020 History tells us that the United State of America (the US) was founded in 1776. So was Liberia – in 1847. By simple arithmetic, the US was founded about seventy-one years before Liberia. This makes the US 244 years old and Liberia 173 years old. Now, one may say the US is quite an old nation; however,

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