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‘Work for Single Liberian Currency Regime Begins 2019’

first_imgNathaniel Patray, Executive Governor, Central Bank of Liberia-CBL Gov. PatrayCentral Bank of Liberia (CBL) Executive Governor, Nathaniel Patray, said that the Bank under his leadership, together with the Ministry of Finance and Development Planning (MFDP), will in 2019 commence work with the Legislature and other stakeholders on a revised framework for de-dollarization to revert to a single Liberian currency regime.Patray told the Senators during his recent confirmation hearing that several policy measures would be carried out in 2019, under the Bank’s medium-to-long term policy measures.Under those policy measures, Mr. Patray said the CBL will work with the Legislature on Export Proceeds Repatriation Law to ensure regular and constant flow of foreign exchange in the economy, and by extension increase the supply of foreign exchange in the economy.The CBL and MFDP, Governor Patray promised, will work with the Legislature to introduce new banknotes to replace the existing one with a uniform family of banknotes; that the Government of Liberia (GoL) will be encouraged to invest in critical infrastructures such as roads, electricity, rule of law, and enforcement of property rights that promotes diversification.He said the GoL through the ministries of Finance and Development Planning, Agriculture, Commerce and Industry, and the CBL should develop a value chain around agricultural output to stimulate domestic production, income generation, and employment.Speaking further to members of the Senate Committee on Banking and Finance, Governor Patray underscored the need for GoL through MFDP, CBL, the National Investment Commission and the Ministry of Commerce to initiate a strategy to invest in the actualization of the Special Economic Zones to encourage domestic manufacturing in the economy.As for price and broad exchange rate stability, Governor Patray said this “will remain the CBL’s major goal, and apart from the goal mentioned, the CBL will work with other GoL’s stakeholders to recognize a number of other economic goals, including economic efficiency to achieve the maximum fulfillment of wants using the available productive resources; economic freedom to guarantee that businesses, workers and consumers have a high degree of freedom in their economic activities.”Other economic goals the CBL intends to take, according to Governor Patray, includes bringing about equitable distribution of income to ensure that no group of Liberians faces stark poverty, while others enjoy extreme luxury.He named some of the goals as providing economic security for those who are ill, disabled, handicapped, laid off, aged, or unable to earn minimal level of income; and to carry on a balance of trade to seek a reasonable overall balance with the rest of the world in international trade and financial transactions.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

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‘Fab Four’ fire seven-goal Liverpool into last 16

first_imgGroup E winners Liverpool joined Manchester United, Manchester City, Chelsea and Tottenham Hotspur in progressing from the group phase, making England the first country to send five teams into the round of 16.It was Liverpool’s second hefty group-stage win after a 7-0 rout of Maribor and erased memories of their previous outing in the competition, when they squandered a 3-0 lead to draw 3-3 away to runners-up Sevilla.With Liverpool having plundered 32 goals in their last nine games, few teams will relish the prospect of facing off against Coutinho, Salah, Mane and Firmino in the last 16, the draw for which takes place on Monday.But Klopp will have to do without midfielder Emre Can for the first leg of that tie, after he was booked against Spartak, and victory also came at the cost of an injury to left-back Alberto Moreno.Philipe Coutinho celebrates his goal for Liverpool against Spartak Moscow in a UEFA Champions League tie while Emre Can looks on. PHOTO/Daily MailA Liverpool team showing five changes from Saturday’s 5-1 romp at Brighton and Hove Albion were 3-0 up inside 18 minutes.Coutinho sparked things off in the fourth minute, the Brazilian rolling a penalty into the bottom-right corner after Georgi Dzhikiya had barged into Salah as they waited for Coutinho’s deep cross to reach them.Liverpool’s second goal, in the 15th minute, was a delight that showcased the ‘Fab Four’ at their clinical best.From Mane’s pass, Salah sent the ball out to Firmino on the right and his selfless square ball allowed Coutinho to tuck away his 50th goal in Liverpool colours.– Milner impact –Spartak’s defending was as desperate as Liverpool’s attacking was dazzling and a clumsy touch by Serdar Tasci opened the door to a third goal.Unable to react quickly enough to Mane’s cross, the German centre-back inadvertently presented the ball on a plate to Firmino, who used the outside of his right foot to steer a shot past Aleksandr Selikhov.Selikhov fielded a deflected shot from Salah, while both Mane and Salah fired shots into the Anfield Road End as the home fans rose from their seats in anticipation of a fourth goal.Sadio Mane celebrates his goal for Liverpool against Spartak Moscow in a UEFA Champions League tie. PHOTO/Daily MailIt was not all plain sailing for Klopp’s men, however.Can picked up a seventh-minute booking that triggered a one-game ban for sliding in on Ze Luis and Moreno hobbled off just before half-time after jarring his knee as he blocked a shot from Roman Zobnin.James Milner took Moreno’s place and made an immediate impact in the second half, swinging over a cross that was brilliantly volleyed home by Mane at the back post.Three minutes later Coutinho added a fifth, charging onto Milner’s pass and dispatching a shot that found its way past Selikhov via a deflection off Salvatore Bocchetti.Mane made it 6-0 with 14 minutes remaining, hooking in a cross from substitute Daniel Sturridge, before Salah completed a resounding win with a sublime turn followed by a right-foot finish into the top-right corner.Everton, who visit Anfield in Sunday’s derby, were left with plenty of food for thought.0Shares0000(Visited 3 times, 1 visits today) 0Shares0000Mohammed Salah, Philipe Coutinho and Roberto Firmino celebrate after taking Liverpool to the last 16 of the UEFA Champions League. PHOTO/DailyMailLIVERPOOL, United Kingdom, Dec 7- Philippe Coutinho’s first Liverpool hat-trick propelled Jurgen Klopp’s side to a 7-0 thrashing of Spartak Moscow on Wednesday that swept the Merseyside club into the Champions League last 16.Sadio Mane scored twice and Roberto Firmino and Mohamed Salah both found the net as Liverpool’s ‘Fab Four’ emphatically returned the five-time champions to the knockout rounds after a nine-year absence.last_img read more