Markets


Mr. Ernie Bruce, officer in charge of the Copyright Office and Operation Big Fish, says he is undeterred and will not take bribes.

Crackdown on Copyright Violation on Course

The Liberia Copyright Office, through its Operation Big Fish, has set Dec 3 to 15, as deadline for all audio and visual trading companies who are selling pirated movie/audio discs illegally, to close their businesses or face confiscation.  But transgressing parties say they want “more time” to become compliant with law, and are allegedly prepared to buy that time. 


CBL Executive Governor, Dr. J. Mills Jones

CBL Auctioned US$26M to Businesses

One of the major functions of central banks across the globe is to manage the foreign reserves of countries and to intervene in the market to ensure price stability. For an economy like Liberia, which has a dual currency regime, continuous market intervention by the central bank is critical to maintaining not only price stability, but to guarantee a good marketplace for the use of the two legal tenders.


Mr. Aaron J. Wheagar, Deputy Managing Director for Operations at the Liberia Petroleum Refining Company (LPRC)

LPRC Remains Committed to the Liberian Market

The Deputy Managing Director for Operations at the Liberia Petroleum Refining Company (LPRC), Aaron J. Wheagar, has urged the public not to panic as a result of the recent unfortunate incident that took place at the entity facility on the Bushrod Island in Monrovia.

Mr. Wheagar stated that his entity (LPRC) will remain committed to the Liberian Market by supplying quality products and ensuring that supplies do not run out on the market.


CBL Governor J. Mills Jones

GOL’s Public Debt Stock Rises

The government of Liberia’s (GOL) public debt stock stood at US$77.7 million at end-June, 2013, the Central Bank of Liberia has disclosed. According to the CBL, public debt grew by US$12.2 million (2.2 percent) and US$25.3 million (4.6 percent), respectively, when matched against the level recorded at end-March, 2013 and the corresponding period of 2012.

Of the total debt stock, domestic debt accounted for 49.9 percent, while external debt constituted 50.1 percent, the CBL declared.

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