Governance Commission Holds Dialogue on Currency Crisis

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GC Chairman Dr. Amos C. Sawyer

The Governance Commission has announced it will hold a Policy Dialogue on the state of the country’s currency today on the theme “Factors impacting Liberia’s Foreign Exchange rate Regime”.

The Dialogue will be held at the Lutheran Conference Hall on 13th Street in Sinkor at 10 a.m. It is a collaborative effort of the GC, the Economic departments of the University of Liberia and Cuttington University Graduate School, the Commission said.

According to a GC statement issued in Monrovia Tuesday, the discussion will provide critical evidence-based analysis of factors impacting Liberia’s foreign exchange rates, their effects on the economy, and explore possible options for medium and long term solutions to this problem.

A panel of Economic experts have been identified to address the forum on sub-topics:

  1. “Import substitution and value addition: implications on the foreign exchange rate stability;
  2. Dual Currency regime and the global financial outlook: implications on the foreign exchange rate stability;
  3. Legalization of capital account liberalization and access to finance: implications on the foreign exchange rate stability.

Participants have been drawn from the economic and financial sectors including the MACs, banking institutions, development partners, relevant civil society organizations, and a cross-section of the society and academia.