Monrovia, Jan. 15 -- Liberia's former Information Minister Rev. J. Emmanuel Bowier has warned that the printing of new banknotes will create more problems in the country than fixing the economy, stressing that the government does not have a "secure reserve" to back the minting of new money.
"Printing new money could help or it could harm the situation," he said. "Because if you put the new money in the system, it could ease things. But in order to do that, you should first have to take money from somewhere like a reserve, and where are we taking it from?"
Rev. Bowier said infusing money into the market should be supported by reserves and export of raw materials, but due to the turbulent market conditions and the global pandemic the situat...