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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Liberia’s foreign exchange reserves leap to about $248 mln

Posted on 30 December 2009

From Bloomberg: Liberia’s foreign currency reserves have risen to about $248 million from $49.4 million at the end of last year, partly due to the grant of special drawing rights by the International Monetary Fund, central bank Governor John Mills Jones said.

“The improved position of the country’s international reserves should help us better manage shocks to the balance of payments and the exchange rate,” Mills Jones said in an address to bankers in the capital, Monrovia, yesterday…………………………………….Full Article: Source

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