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Sunday, February 25, 2024

$20 Million Missing? Document Shows Weah Left $40 Million at CBL

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President Joseph Boakai told Lawmakers Monday he inherited $20. 5 million United States in government’s consolidated accounts at the Central Bank of Liberia.

This pronouncement contrasts those of his predecessor who told the nation in his farewell speech on Jan 21 that he left $40 million United States dollars in government’s accounts at the Bank.

“The net international reserves position reported at the end of December 2023 was US$220 million. The report of US $40 million as the GoL’s consolidated account balance as at January 19, 2024 is not supported by the fact,” Boakai said.

“The balance reported by the CBL as of the same date was US$20.5 million, highly encumbered, not US$40 million.”

The Oracle News Daily has seen an official document indicating that the closing balances of government consolidated accounts at the CBL for 2023 and 2024 as at Jan. 17 stood at $40 million United States dollars.

Fiscal Year 2023 United States dollar account: $16.1 million

Fiscal Year 2023 Liberian dollar account: $1.024 billion.

Fiscal Year 2024 United States dollar account: $12.121 million.

Fiscal Year 2024 Liberian dollar account: $1.212 billion.

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