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Claim: Foday Massaquoi, the chairperson of the opposition CDC Council of Patriots, has claimed that the Unity Party government of former President Ellen Johnson Sirleaf left the Exchange Rate at $130 in 2017.
Verdict: False! Statistics from the Central Bank of Liberia show that the Exchange Rate in December 2017 was $125.5
Full Text
A Facebook user, Foday Massaquoi, alleged in a Facebook post that the Unity Party government of former President Ellen Johnson Sirleaf left the Exchange Rate at $130 in 2017.
“2017—- Starting exchange rate L$55, L$130, 2023- Ending exchange rate L$130. L$187.”
Foday Massaquoi is the chairperson of the opposition Congress for Democratic Change Council of Patriots.
The post had 53 likes, 23 comments, and 18 shares as of our last check.
DUBAWA decided to conduct a fact-check on the claim as part of its mission to counter misinformation and disinformation in public discourse.
Verification
Our researcher visited the Central Bank of Liberia’s official website and reviewed its monthly economic report for the period from September to December 2017.
The Central Bank of Liberia is the Monetary arm of the Liberian government, with a focus on maintaining price stability in the Liberian economy.
According to data from the Central Bank’s website, the Exchange Rate at the end of 2017 was $ 125.50.
Conclusion
According to statistics from the Central Bank of Liberia, Foday Massaquoi’s claim is false.
