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Central Bank Records Increase in Rubber, Ore Export
Date Uploaded: Feb 25, 2015

Central Bank of Liberia (CBL) Boss Mill Jones

 

 

Central Bank Records Increase in Rubber, Ore Export

By Ballah M. Kollie/LINA

MONROVIA, February 25 (LINA) - The Central Bank of Liberia (CBL) recorded an increase in rubber and iron ore exports in 2014 despite the Ebola outbreak that affected the nation’s economy

The bank said export earnings from rubber and iron ore increased by 0.3 and 21.0 percent respectively in 2014, noting that earnings from rubber increased to US$560.8 million, compared to US$558.9 million in 2013.

According to the CBL annual report for 2014, iron ore export earnings amounted to US$380. 2 million, compared to US$314.2 million in 2013.

The report also indicated a 30.4 percent decline in the price of rubber or US$1,944.8 per metric ton in 2014, compared to US$2,794.6 in 2013.

The decline in the price of rubber on the world market also affected the nation’s economy, the report said.

Meanwhile, the report said there was also a decline in the prices of diamond, gold, and round logs by 25.9 percent in 2014.

LINA

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