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Dedollarization in Liberia-Lessons from Cross-country Experience

Dedollarization in Liberia-Lessons from Cross-country Experience by Jeta Menkulasi
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Liberia's experience with a dual currency regime, with the U.S. dollar enjoying legal tender status, dates to its founding as a sovereign country in 1847. Following the end of the most recent episode of civil war in late-2003, the new government has expressed interest in strengthening the role of the Liberian dollar. Liberia, however, is heavily dollarized, with the U.S. dollar estimated to account for about 90 percent of money supply. Cross-country experience suggests that dollarization does not preclude monetary policy from achieving its primary objective of price stability, and that successful and lasting dedollarization may be difficult to achieve.
International Monetary Fund; March 2009
23 pages; ISBN 9781452777320
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Title: Dedollarization in Liberia-Lessons from Cross-country Experience
Author: Jeta Menkulasi; Lodewyk Erasmus; Jules Leichter
 
ISBNs
1451916205
9781451871852
9781451916201
9781452777320