National Forex Exchange Bureau of Liberia President Nimely Sayeh, wants stronger ties with the Ministry of Commerce and other institutions in regulating the rates of businesses that do not commensurate with the Central Bank of Liberia.
According to Sayeh, the National Forex Exchange Bureau of Liberia is open to working with the Ministry of Commerce in ensuring that goods are sold according to the Central Bank of Liberia rates, whenever the CBL announced a decrease in rates from US Dollars to Liberian Dollars.
Sayeh further noted that there has been an influx in the rate of commodities on the market, from the CBL to that of businesses owners.
He said it was unhealthy to the business climate that business owners will always choose to increase the rate to the CBL Standard, but will refuse to decrease said rate accordingly.
At the same time, Sayeh maintained that the National Forex Exchange Bureau of Liberia has begun carrying out awareness on the new family of banknotes expected to get on the market soon.
Meanwhile, Sayeh said the awareness is focused on sensitizing the public on changes made in the new family of banknotes by the CBL.
