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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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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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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Originally Published in January 2017 By Wonderr Koryenen Freeman, Attorney-at-Law, Monrovia, Liberia As the Liberian dollar (LRD) exchange rate inches to 90:1 against the US Dollar, and prices quoted in Liberian dollars continue to rise, tempers are flaring as to what is wrong and who is not doing his job. Unfortunately however, as the leaders and the public seek answers on the state of the economy,
Find related articles hereOriginally Published in April 2018 By: Wonderr K. Freeman, Attorney-at-Law, Monrovia, Liberia Members of a hitherto unknown group, the Patriotic Entrepreneurs of Liberia (PATEL), in February of 2017 made quite a name for themselves when they shut Monrovia down over three days. Overnight, the group became important enough to hold talks with the Government of Liberia (GOL). Holding talks is a political issue, and it can
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Unfortunately however, such was not the case with the PSDI. The PSDI loan initiative was implemented the “Liberian way”. James Kollie and friends, shared the information by word of mouth, became designers, players and referees all at the same time. Instead of promoting genuine SMEs, we saw loads of fly-by-night “holding companies” selling “mineral water”.
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