The President of the National Association of Foreign Exchange Bureau of Liberia Nimley Sayeh has frowned on owners of businesses for not adhering to the rate of the Central Bank of Liberia.
Speaking with Freedom News Wednesday in Monrovia, Sayeh noted that it is unfortunate that the prices of commodities are still high, despite decline in the rate.
He described businesses that are not adhering to the Central Bank prevailing rate as criminals who are bent on defrauding the system.
Nimley Sayeh said his Association and other relevant institutions charged with the responsibility to regulate foreign exchange in the country will go after businesses to ensure that the prices of their goods commensurate with the rate.
He maintained that businesses that are in the constant habit of keeping the Liberian dollars to get extra profit when there is report of circulation of new money on the market are doing so at the detriment of the ordinary citizens.
The NAFEBOL President further that money that is going into the bank is not coming out and businesses are keeping their money to go after more United States dollars.