The Liberian Government has given a stern warning to the leadership of the Patriotic Entrepreneurs of Liberia (PATEL) in connection to its planned Monday, April 10, 2017 protest action in the demand of the reduction of the high rate of exchange between the United States Dollars and the Liberian Dollars, and other increased fees on the importation of goods into the country.
The Liberian Government statement released late yesterday evening, April 8, 2017 by the Ministry of Information warned the leadership of PATEL to disengage its Monday’s planned protest, and also ordered the officers of the Liberia National Police (LNP) to monitor Monday situation in making that such action on the PATEL is aborted.
Similar protest action took place last January paralyzing business activities in Monrovia and its environs, after following series of meetings with stakeholders and Liberian lawmakers on what they called Tattered Liberian Economy; with the continue increment of the exchange rate between the United States Dollars and the Liberian Dollars which currently stands at 1USD to 115LD.
Despite appeal made by the Liberian National Police for the PATEL to call off their protest action, today’s action has paralyzed all businesses in the city, as all focus was on the outcome of the planned meeting between the lawmakers and the membership of the PATEL.
The marketers prior to their reported planned protest action said whenever they try to purchase goods from foreign owned business, owners of these businesses always charged them to pay in United States Dollars, a situation they said is unbearable as the exchange rate continue to speed up at the determent of them.
The Patriotic Entrepreneurs of Liberia (PATEL) said their action will symbolize to the lawmakers and the Liberian Government that they are being suppressed as a result of this situation.
At its first protest last January, Prince Howard, one of the executives of the PATEL speaking to reporter said it is unbearable for Liberians who are struggling daily to make ends meet to go through all of these difficulties, noting “Our protest tomorrow at the Capitol, the Home of the Liberian lawmakers will be a peaceful one, and that it should not be misconstrued that we will disrupt normal businesses throughout the Country,” Mr. Howard noted.