- Search Results
 
 
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

latest headlines
LEC Holds Community Engagements Against Power Theft
The Liberia Electricity Corporation (LEC) has renewed its warning to individuals engaged in power theft to desist, as it was costing government i ...more
Cuttington University Promises To Sustain EHELD Projects
The Administration of the Cuttington University has assured the Excellence in Higher Education for Liberian Development (EHELD) of its commitment ...more
Justice Banks Decline To Issue Prohibition Against Korkoyah
Supreme Court Justice-in-Chamber Philip A. Z. Banks Thursday declined to grant the writ of prohibition requested by Dr. Togba Nah Tipoteh against ...more
VP Boakai Assures LACC Of Support To Tackle Graft
Vice President Joseph N. Boakai has assured the Liberia Anti-Corruption Commission (LACC) of his unreserved commitment to tackle the scourge of c ...more
Pres. Sirleaf Congratulates Luxembourg On ‘National Day'
President Ellen Johnson Sirleaf has sent a congratulatory message to His Royal Highness, Grand Duke Henri of Luxembourg, on that country’s Nati ...more
ECOWAS Envoys Congratulate Pres. Sirleaf
The Dean of ECOWAS Ambassadors and Heads of Mission Accredited to Senegal, General Edouard Tiape Kassarate, has congratulated President Ellen Joh ...more
 
All rights reserved © 2013 - 2014
Liberia News Agency