The Senate convenes another special session today, according to sources at the Senate’s Secretariat, to discuss “pressing national issues,” including the fast depreciation of the Liberian dollar to the American dollar.
Among today’s agenda items are the possible concurrence on the 2018/2019 Budget, passed by the Lower House yesterday, and the ratification of a bill for an Act to establish the Export-Import Bank (AFREXIMBANK).
According to the source, the session, which starts at midday in the Chambers of the Senate, will also hold discussions with authorities of the Central Bank of Liberia (CBL), specifically on the alarming rate of depreciation in the Liberian dollar against the United States dollar.
A member of the leadership of the Senate and member of the Senate committee on Banking and Currency, and the Ways, Means, Finance and Budget, told our reporter in a visibly jubilant mood that the two documents for concurrence were almost passed yesterday during the Senators’ executive session.
Meanwhile, the president of the Senate, Vice President Jewel Howard Taylor, yesterday deferred to Thursday for the much-awaited debate on the proposed Act to regulate the eligibility of sitting Senators and sitting Representatives for ensuing elections during their terms.