“ I Will Vote No On The Printing Of New Money, says: Senator Jonathan Kaipay of Grand Bassa County.
The Debate whether to print or not, new Liberian Dollars bank notes is said to be increasing on a daily basis.
According to Senator Kaipay the issue is a real dedicate and technical one as such it should not be one-day show or a rush in the park situation.
He wants more time and expert’s opinion and independent analysis done before such critical decision can be taken which will subsequently benefit the Liberian people, The Grand Bassa County Lawmaker said.
On the other hand, government has repeatedly stated through Finance and Development Planning Minister Samuel Tweah that there have done sufficient discussions, braining storming and technical working sessions and analysis before reaching the current critical point, something the Lawmaker thinks, is still not enough yet.
Senator Kaipay speaking to reporters Friday said he does not in any way buy or support any idea neither argument that the printing of the new bank notes is among other things intended to pay the salaries of people.
He argued that should the payment of salaries of people which will always be a continuous process be used as a justification for printing new money? This he noted is not, as such he does not support it.
The Grand Bassa County Senator observed that there are more monies circulating among some business people, ordinary Liberians and many others, as such, it is about time that a robust strategy should be put in place by the regulatory government body to ensure that the monies are brought back into the local banks.
He pointed out that there may be a confidence crisis within the sector but once proper mechanisms are put in place, the issues can be addressed.
However, he maintained that” I remained No On the Printing of new money”. He stated.
So far to the media and for the records, the Liberty Party Senator is the second Senator and Lawmaker who have rejected the printing of new bank notes amidst the currently economic crisis facing the nation and its people.
Recently Montserrado County Senator Abraham Darius Dillon said he will vote no in the senate to such for the sake of the Liberian people.
Well the debate will practical begin legislative-wise next Monday November 18, 2019 when members of the 54th National Legislature are expected to return to the capitol building to discuss some issues of national concern upon the request of President George Weah.
Though it is not specifically clear what exactly the lawmakers were called to discuss over the next two weeks in plenary but due to the economic crisis hardly affecting the nation and its people, political pundits are of the strongest conviction that the printing of new bank notes, the hearing leading to the confirmation or denial of the new Central Bank Executive Governor and many others will be high on the agenda.
Currently there are mixed views in the Country and political corridors relative to the printing of new bank notes by the CDC led Government with some in favor why others are against it.
It can be recalled through a communication that the executive is requesting the printing of unconfirmed 35billion Liberian Dollars to among other things in their expert opinions, address some of the economic issues facing the nation and its people.