The Executive Mansion says President Weah’s request to the Legislature seeking approval for the CBL to infuse four billion dollars into the economy was marred by error, but a CDC lawmaker says the constitutional provision cited in the letter implies that the president meant the printing of additional money.
The Executive Mansion at its Tuesday’s Press briefing said there is a new communication sent to the legislature which speaks to printing and infusion of four billion Liberia dollars.
Deputy Presidential Press Secretary Smith Toby stated that, the error in the previous communication was identified following an inquiry by the legislature.
But, addressing reporters in Monrovia Tuesday, Representative Dixon Seboe of the CDC said even though the letter did not mention the printing of additional banknotes, but article 34 d ii of the Liberian Constitution as mentioned in the letter implies that the president meant the printing of additional money.
The house of Representatives has late last week voted to approve the printing of at least 30 billion Liberian dollars after the executive mansion sent a communication seeking the house’s approval.
Cash shortages
There are also been serious shortages of the Liberian dollar on the local as a result many are unable to withdraw cash from commercial banks in the country.
The Liberian government is hoping to settle the arrears of thousand civil servants after printing new banknotes.
