Liberia Central Bank Denies It Lost $100 Million

The Governor of Liberia’s central bank, Nathaniel Patray has come forth to debunk the report of it loosing more than 100 million dollars in newly printed notes.

It will be recalled that the Information minister said last month that two separate shipments of cash containing a total of 104 million dollars which is about five percent of the West-African nation’s gross domestic product was missing over the past year.

The scandal has saddled President George Weah with his biggest political crisis since he took office in January.

Weah ordered an investigation and more than 30 former bank officials were barred from leaving the country.

But in a statement on Tuesday, Patray said an internal audit found that all the notes shipped from the Swedish printer between 2016 and 2018 were properly accounted for and stored in the bank’s reserve vaults.

Thousands of Liberians protested on the streets of the capital Monrovia last week.

Among those hit with travel bans are former central bank governor Milton Weeks and Charles Sirleaf, the son of former president Ellen Johnson Sirleaf.

Weeks has said he had nothing to do with the missing cash and is cooperating with investigators.





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