14 Jan

LMA Prez Wants Gov’t to Tackle Dual Currency Issue

first_imgThe president of the Liberia Marketing Association (LMA), Madam Lusu K. Sloan, has called on the government to address the issue of dual currency in the country.  Madam Sloan made the call, recently at a roundtable symposium on the economic and constitutional implications of Liberia’s dual currency regime in Monrovia.  The round table discussion was organized by the Governance Commission in partnership with the Constitution Review Committee, and it brought together several state actors from public and private sectors.  According to Madam Sloan, business women and petty traders are calling for local business transactions to be done in Liberian dollars.  She said local traders are not making profit because they are buying their goods in US dollars from foreign importers and selling them in Liberian dollars.  As a result, the LMA president said, local traders, especially market women, are selling without adequate income from the business to better their living conditions.  She stressed that dual currency is causing instability of the Liberian economy and not improving the livelihood of local marketers or the economy.  The LMA boss highlighted that dual currency is increasing countless problems as many schools are charging fees in US dollars, instead of in Liberian dollars. “We actually want the government and those that are in charge to look at the situation carefully; we are selling our goods and services in Liberian dollars, but some schools are charging fees in US dollars. I don’t think it is supposed to be that way. You can’t have your school in Liberia and charge the parents in US dollars,” she said.Madam Sloan indicated that foreign importers are taking excess US dollars from Liberia to develop their countries, while Liberia remains under-developed.  “Buying in US dollars from the importers, selling the goods in Liberian dollars and at the end of the day you have to change the Liberian dollars to US dollars to re-buy drops the profit margin. So you see, more money is going out of the country on a daily basis, because they come here to look for US dollars to carry it,” the LMA president asserts.  She wants the government to monitor the behavior of importers toward retailers to enable the local traders to profit from their businesses.  Madam Sloan said the National Legislature in collaboration with the relevant authorities should put in place policies to stabilize the Liberian dollar on the market, adding that it is losing its relevance.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

25 Dec

Around Whittier

first_imgWHITTIER – Anyone interested in participating in the 52nd annual Uptown Whittier Christmas Parade, which will be held at 10 a.m. Dec. 3 along Greenleaf Avenue and Mar Vista Street, has until Monday to apply. Parade organizers anticipate more than 30,000 spectators to line the parade route. The parade will be taped and shown several times on local cable stations throughout December. Community groups and local businesses are encouraged to participate in the parade, which this year is themed “A Dickens Christmas.” For more information, call (562) 696-2662, or visit www.WhittierUptown.org. Gunshots reported in Pico Rivera PICO RIVERA – Sheriff’s deputies responded to reports of gunshots in the 1800 block of Vicky Drive on Wednesday morning, but no evidence of a shooting was found, Sgt. Al Leyva said. Duran leads Villalba in latest tally NORWALK – Incumbent Gloria Duran was leading challenger Diana Villalba by two votes in the race for a still-disputed seat on the Los Nietos School District school board, according to the latest vote count update by the Los Angeles County Registrar Recorder’s Office. As of Wednesday, Duran had 895 votes to Villalba’s 893 votes. Officials said a final tally is expected on Monday. In two other close Whittier-area races, challenger Linda Small led incumbent Ken Henderson, 5,270 to 5,242, in the Whittier City School District school board race. And incumbent Rita Jo Ramirez led challenger James Roybal, 3,848 to 3,830 in the El Rancho Unified School District school board election. Literacy internships offered at library SANTA FE SPRINGS – Internships in literacy services at the Santa Fe Springs Library are now available. Full-time and part-time positions are now open to work with library staff in its adult and child literacy programs. Applications, which must be picked up and dropped off at the library, 11700 Telegraph Road, are due Nov. 30. For more information, call (562) 868-7738, Ext. 7819. County flu shot clinic Tuesday WHITTIER – The next free, county-sponsored flu clinic will be held from 9 to 11 a.m. Tuesday at the Los Nietos Service Center, 11640 E. Slauson Ave. The clinic is for residents ages 60 and older and those with chronic illnesses such as asthma, heart disease, diabetes or kidney disorders. For more information, call (562) 464-5350. Spread word about holiday needs here WHITTIER – Once again, this newspaper will be offering free assistance to nonprofit organizations throughout our area. Starting Dec. 1 and running through Christmas, the “Helping Hands” feature will give local nonprofits the ability to get the word out about their special needs during the holiday season. Send your organization’s name, address, working phone number and e-mail address, nonprofit tax ID number, a brief description of what your group does and your wish list to Helping Hands, 1210 N. Azusa Canyon Road, West Covina, CA 91790. For more information, call (562) 801-4347. From staff reports AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREBlues bury Kings early with four first-period goals 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more