- Search Results
 
 
Speaker Tyler Roots For Export.....
Date Uploaded: Feb 23, 2015

Speaker J. Alex Tyler

 

 

Speaker Tyler Roots For Export-Based Economy

By Robert Dixon/LINA

MONROVIA, February 23(LINA) - House Speaker J. Alex Tyler says a U.S. dollarized economy without a corresponding export and manufacturing sector is a recipe for a lopsided economy.

He said without the controls or personnel as well as proper mechanisms for a stringent management of the country's banking, financial and fiscal sector, Liberia runs the risk of being exploited by money launderers and other unscrupulous persons.

According to the Liberia News Agency, Speaker Tyler made the statement Monday at a one-day High Level Roundtable Conference on the Economic and Constitutional Implications of Liberia’s Dual Currency Regime.

The conference held at the Monrovia City Hall was organized by the Governance Commission in collaboration with the Constitution Review Committee. 

He said a non-export economy with a dominant currency floating around “a very weak one leads to a crisis-brewing economic environment.”

In remarks, the Chairman of the Governance Commission, Dr. Amos Sawyer, said the purpose of the roundtable was to highlight the monetary and related fiscal issues having to do with challenges faced by citizens whose worsening economic plight could be alleviated through constitutional amendment.

LINA

 

latest headlines
‘Poverty Rate Still High In Africa,’ Says WB Lead Economist
World Bank Lead Economist and the author of the Africa’s Pulse Report, Punam Chuhan-Pole, has observed that with poverty rates still high in th ...more
African Media Group Condemns Killing Of Nigerian Journalist
The Media Foundation for West Africa (MFWA) says it has received with shock reports that Famous Giobaro, a desk editor with the state-owned Glory ...more
LNP Assures Female Contestants Of Full Protection
Police Inspector General Gregory Coleman has assured women vying in the October elections of full police protection during their campaign process ...more
WFP Official Urges Joint Efforts For ‘Zero Hunger’ Goal In Liberia
The World Food Program (WFP) Regional Director for West and Central Africa, Abdou Dieng, has called for collaborative efforts by Liberians to ach ...more
Apostle Suleman Coming To Liberia Again
The President and Founder of the Nigeria-based Omega Fire Ministries (OFM) international is due in the country for a two-day crusade beginning Ma ...more
Police Chief Nudges Youth To Embrace Peace
Police Inspector-General Gregory Coleman has called on Liberian youths to do away with violence and embrace positive thoughts and actions for the ...more
 
All rights reserved © 2013 - 2014
Liberia News Agency