Grand Bassa Senator Jonathan Kaipay Grand Bassa Senator Jonathan Kaipay

Lawmaker Sets Precondition For Printing of New Money

The debate whether to print or not to print new Liberian dollar bank notes is said to be increasing on a daily basis.

Grand Bassa Senator, Jonathan Kaipay, has joined the ongoing debate, describing it as a real dedicate and technical one, warning that it should not be a one-day show or a rush in the park situation.

He wants more time and experts’ opinions and independent analysis done before such critical decision can be taken which will subsequently benefit the Liberian people.

On the other hand, government has repeatedly stated through Finance and Development Planning Minister Samuel Tweah that there have done sufficient discussions, brainstorming and technical working sessions and analysis done before reaching the current critical point, something the Lawmaker thinks, is still not enough yet.

Senator Kaipay, speaking to reporters Friday, November 15, 2019, said he does not in any way buy any idea neither argument that the printing of the new bank notes is, among other things, intended to pay the salaries of civil servants.

He argued that should the payment of salaries of civil servants, which will always be a continuous process, be used as a justification for printing new money.

This he noted, is not, as such, he does not support it.

The Grand Bassa County Senator observed that there are more monies circulating among some business people, ordinary Liberians and many others, and therefore, it is about time that a robust strategy should be put in place by the regulatory government body to ensure that the monies are brought back into the local banks.

He pointed out that there may be a confidence crisis within the sector but once proper mechanisms are put in place, the issues can be addressed. However, he maintained that “I remained no on the printing of new money”.

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