×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: AF | Liberia | Missing | Millions

Report: Liberian Bank Ordered 3 Times Money Authorized

Thursday, 28 February 2019 11:39 AM

MONROVIA, Liberia (AP) — A new report says Liberia's central bank illegally ordered three times the number of bank notes it had been authorized to print — and now can't say what happened to most of them.

The report by the U.S.-based firm Kroll Associates was commissioned after reports of missing money first emerged last September.

Local media initially said some $100 million disappeared in a foreign shipment of bank notes. However, the report says that's not the case.

All the bank notes did arrive in Liberia between 2016 and 2018, but officials at the central bank failed to properly document what was done with them.

The report said most of them are believed to have been put into circulation without authorities removing and destroying the old bills they were designed to replace.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
A new report says Liberia's central bank illegally ordered three times the number of bank notes it had been authorized to print - and now can't say what happened to most of them.The report by the U.S.-based firm Kroll Associates was commissioned after reports of missing...
AF,Liberia,Missing,Millions
131
2019-39-28
Thursday, 28 February 2019 11:39 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved