Liberians, Others Weary Over Mutilated Banknotes, Questions Gov’t Of ‘4G Speed’ Printing Of New Banknotes

Man counting money many of it mutilated

“It is frustrating nowadays with what is happening with our economy since the ascendency of the George Weah-led government, the Coalition for Democratic Change(CDC), lots of disappointing things are happening; if it is not no money in the bank, you will receive mutilated banknotes from the little ones your will receive. What are we heading to? God please come to our rescue,” John Tamba Kollie, III, a businessman expressing his frustration to the GNN on Thursday, November 14, 2019 pondered.

With the avowal of Kollie, many ordinary Liberians including business people are also expressing similar concern over their dilemma making reference of the downtrend of the Liberian economy, especially the issue of no money at the banks, and the visibility of mutilated banknotes whenever one was fortunate to withdraw from his or her account.

Dozens of petty traders who spoke to the GNN at their selling post at ‘Waterside’ the commercial grounds of Monrovia, expressed disenchantment, wondering as when their nightmare will end; meaning the hardship they are currently going through  when will it end? But for others, they are questioning the economic Management Team, as to what mechanism being put in place to ease this current situation.

The challenge is now at the d doorstep of the newly appointed Executive Governor of the Central Bank of Liberia (CBL), Mr. Jolue Aloysius Tarlue to rapidly make the difference in fixing the spoiled Liberian economy, hoping that his presence at the nation’s financial monitoring house will help the regain the lost image of the CBL was been in recent time questioned.

Speaking further on the current economic hardship in the country, some financial experts told the GNN that the only solution for this current situation depends on the Economic Management Team to professionally put forward those ideas that would help in addressing these challenges that are in the best interest of the country.

Up to date, banks are still turning down individuals who have gone to withdraw from their respective accounts, noting that there is no money, but rather accepting people for deposit, what a disappointment for those who are anxiously the withdrawal of the hard earned money deposited to their respective accounts.

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About Cholo Brooks 11028 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.