Economic Wahala!!: US Dollar Rate now shares police official codes as water climbs the price ladder

In recent times, Liberia's economy has been flowing in a downward spiral. High prices of basic commodities coupled with the high exchange rate of the US Dollar against the Liberian currency have made life hard on ordinary citizens. To date, the exchange rate of the US Dollar to the Liberian Dollar is between 100-105 Liberian Dollar to 1 United States Dollar. "This one is more than the police codes na o", said a street vendor, referring to the official calls signs of Liberia National Police Commissioners and his principal deputies (the police call sign start at 100 for the Commissioner and ascends according to positions of deputies).

Some economic experts expert have alluded the cause of such inflation to imbalance in trade. Reports suggest that Liberia rely more on imports than exports which in turn makes the US Dollars scarce since less money is being received as a result of tariffs on imported goods.

In the meantime, some critics and opposition have blamed the government for this massive economic problem because of unqualified individuals being appointed at top financial regulatory agencies as well as cash flight which results from corrupt officials stealing and wiring monies in foreign accounts. Presently, things prices in Liberia are so high that a bag of mineral water is sold at LD$10.00 (US$0.10). According to the Global Finance Magazine, Liberia ranked as the fourth poorest country in the world in 2015. With elections just months away, there is no sign of any change anytime soon. Citizens now only rely on hope....