In the wake of extreme difficulty to obtaining cash from banks in Liberia, the US Embassy near Monrovia has put out a travel advisory.
In a statement, the Embassy said ‘Travelers should be aware that it may be difficult to obtain cash from banks in Liberia and should plan accordingly.’
They continued ‘Liberia’s banking sector has experienced a growing shortage of cash – both U.S. and Liberian dollars – over the last several months. As a consequence, it is difficult to obtain adequate cash supplies from ATMs and banks. There are no ATM facilities for public use at the U.S. Embassy.’
Around this time of the year, thousands of Liberians mostly taken up citizenship in America return to their nativeland to celebrate the festive season with friends, families and love ones.
Such inflock leads to huge banking transaction during the period stressing the economy as well.
The Liberian economy has been challenged since the inception of the Weah led administration coupled with the COVID19 pandemic.
At the same time, the Embassy has recommended some actions for travelers to take:
- Make sure your health insurance plan provides coverage overseas. Most care providers overseas only accept cash payments.
- Bring cash sufficient for the duration of your trip.
- Secure your possessions when you are in public areas; avoid displaying or carrying unnecessary valuables and large sums of money.
- Pay expenses such as hotels and flights by credit or debit card when possible. Check with vendors to ensure credit or debit cards are accepted. There have been reports of financial information being compromised even at hotels where credit cards are routinely accepted. The U.S. Embassy cannot assist with bill payment.