Exchange Rate Soars: L$86 to US$1

first_imgAs the exchange rate of the US dollar skyrockets against the weak Liberian dollar, prices of imported and locally produced commodities have gone through the roof in the country.From all indications in governmental circles, there seems to be no practical solution to the escalating exchange rate, which is climbing daily.Foreign exchange bureau operators in Monrovia Wednesday, January 8, told the Daily Observer the buying rate of the US dollar now stands at LD$88 to 89 to US$1.A visit to some markets in Monrovia, local produce such as eddoes, pawpaw (papaya), cassava, bitter balls, oranges, cucumbers, plantains, greens, and potatoes prices have sharply increased beyond the reach of most ordinary Liberians.Consequently, early morning shoppers of the above commodities at the Red-light market Wednesday were shocked and in disbelief when they were told the sharp increases on all locally produced commodities brought by rural farmers from upcountry.Rural farmers in response told the shoppers that the profit margins on their produce have been left in the hands of the commercial drivers and other transport providers.Imported goods such as used clothes, plastic dishes, roofing sheets (zinc), nails, ceiling tiles, paints, cement, etc. have been sharply increased in most business centers in Monrovia as well.Another result of the soaring foreign exchange rate is that transportation fares have been hiked by commercial drivers and other public service transport providers.From the commercial district of Paynesville Red-light Market as of January 5, commercial drivers and others are now charging commuters LD$90 (US$1.5) to Broad Street in Monrovia. At least three weeks ago, it was L$60 from Redlight to Broad Street.Other reports obtained by the Daily Observer also said that commuters from Duala, the second largest commercial district in Monrovia, are encountering similar challenges at the hands of transport providers.The approved Ministry of Commerce and Industry and transport fare is LD$60.00 from Red-light Market to Broad Street in Monrovia.Due to the sharp increase in transportation fares, there were scenes of angry confrontation Wednesday amongst commuters, drivers, and business people at Red-light in Paynesville City.“We are tired with this transport fare menace that continues to dehumanize our dignity as Liberians in our own country by unscrupulous commercial drivers,” one commuter, Peter B. Mulbah stated.On the other hand commercial drivers contend that the price of petroleum products have been dramatically increased on the Liberian market, so they, too, have to increase transport fares in order to make profit as well.When contacted some importers of petroleum products told the Daily Observer that owing to the difficulties in obtaining foreign exchange on the Liberian market, they are left with no other option but to increase the price of petroleum products in order to make profits.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Pickup truck collides into apartment complex

first_img“There was a pickup travelling west on 100 Avenue, and it attempted to avoid having a collision with another vehicle, and due to road conditions – when he went to stop – he slid off road [to the] right and into a lower apartment in the apartment building,” Cpl. Jodi Shelkie said.Cpl. Shelkie adds, “He went through the exterior and inside the suite.”Nobody was home at the time of the incident, and the driver who was travelling alone was transported via ambulance to the Fort St. John Hospital with minor injuries.- Advertisement -Cpl. Shelkie says the driver’s decision was a good one, but goes on to emphasize the importance of slowing down on the road during the winter season.“If he was avoiding a vehicle, that’s all good,” Cpl. Shelkie goes on to say. “You have to do that but you need to be travelling much slower, and it’s a good reminder to everybody; you need to driver slower all winter long in these road conditions – give yourself longer to get where you’re going.”last_img read more

David Arquette Helps Feed Children In The US

first_imgDavid Arquette is taking time to help ecomom’s “It’s All Good” initiative feed hungry children.For every purchase made through, no matter how big or small, the site will donate three healthy, nutritious meals for a day for a child between the ages of 4 and 18 months. The goal is to feed at least 100,000 hungry children in the U.S. this year.Throughout the next few months, David, a committed super dad and long-term supporter of Feeding America, will help kick off the initiative with a handful of events at shelters in New York, Los Angeles and Las Vegas.David’s proven dedication to his daughter and consistent time devoted to Feeding America perfectly align with the ecomom’s is an online retailer that provides access to the world’s best healthy products for kids, moms and families, and is a commitment to social-consciousness. This fundamental principle not only guarantees quality of product, but also cultivates an atmosphere of giving.This is why ecomom’s game changing philanthropic initiative has aligned its goals with concerns of mothers & families everywhere, directing the conversation to address the nearly 1 in 5 American children who receive emergency food assistance each year (3 million of whom are aged five and under). In many ways America is the land of plenty and the privileged. But for these 1 in 5 children, hunger is their reality.For this reason, co-founders Jody Sherman (CEO) and Emily Blakeney (Chief Mom Officer) are championing the “It’s All Good” nation-wide giving initiative to feed children across the U.S.“The first year of solid foods is arguably the most important in our lives,” said Dr. Alan Greene, MD, FAAP, Founder of and ecomom board member. “Babies and toddlers’ growing bodies and brains are built from the food they eat, giving them healthy amounts of great food is one of the bests gifts we can give.”Learn more at read more