- Search Results
Currency Issue In Revenue Collection....
Date Uploaded: Mar 02, 2017

Montserrado County Senator Geraldine Doe-Sheriff


Currency Issue In Revenue Collection Troubles Sen. Sheriff
By Wilfred Gortor

MONROVIA, February 28 (LINA) - Montserrado County Senator Geraldine Doe-Sheriff has frowned on some business entities and government functionaries who refuse to transact business in Liberian Dollar (LRD), the nation's legal tender.

Senator Sheriff sees such act as discrimination against the LRD, especially as it relates to the nation's revenue collection and generation scheme and the daily transactions and economic activities of ordinary Liberians.

The Montserrado Senator said in a communication to Senate Pro-tempore Armah Jallah on Tuesday that Liberia's economy has dual currency, with a simple case scenario being the payment of government employees' salaries in both LRD and United States Dollars (USD).

Sheriff observed that as a present reality, government has a compulsory scheme of collecting revenue in USD, the payment of Electricity Bills, DSTV Bills and the purchase of cement from CEMENCO as well as obtaining Passports, among other important transactions.

"Paying bills in foreign currency and the collection of other bills by government and its agencies is a total refutation of our people who are selling bitter balls, pepper and plastic bags in our local markets," Sheriff noted in her communication.

She also alluded to the fact that people receiving money transfers and remunerations from abroad are being given a 25 and 75 percent disbursement in LRD and USD, adding that "Revenue collection should be holistic; that is from the people to government and vice versa."

Sheriff petitioned the Senate plenary to make urgent intervention by instructing the relevant institutions of government to address the situation in a bid to alleviate the difficult circumstances being occasioned as a result of the discrimination against the LRD.

Meanwhile, the Senate has instructed its Committees on Banking and Currency and Ways, Means and Finance to probe the matter and inform the body in two weeks.


latest headlines
CNFA-Liberia& Partners SupportCommercialization of Local Rice
An international NGO, Cultivating New Frontiers in Agriculture-Liberia (CNFA-Liberia) and the International Fund for Agricultural Development (IF ...more
Coca-Cola Africa Recommits To WASH Promotion
Coca-Cola Bolstering Africa’s Resilience and Replenish Africa Initiative Programs say more than six million Africans are expected to be reached ...more
Children Forum Craves Justice In Bong
More than 150 children from the 13 administrative districts of Bong County under the umbrella of the Liberian Children Forum have gathered in Gba ...more
PUL To Hold Conflict Sensitive Journalism, Social Media Activists Training
The Press Union of Liberia (PUL) has announced that it will hold a two-day Conflict Sensitive Journalism and Social Media Activists Training from ...more
UN Begins Women Confab In Bong
The United Nations Entity for Gender Equality and Empowerment of Women in Liberia is currently conducting four-day Peace Hut Women Strategic Plan ...more
CU Prexy Brown Is 170th Independence Day National Orator
The Ministry of Foreign Affairs has announced that Dr. Herman Beseah Browne, President of the Cuttington University is the 170th Independence Ann ...more
All rights reserved © 2013 - 2014
Liberia News Agency