The legislature has called upon the Ministry of Commerce and Industry and the Central Bank of Liberia to address the recent increase in the US dollar exchange rate within the country.

The legislature has called upon the Ministry of Commerce and Industry and the Central Bank of Liberia to address the recent increase in the US dollar exchange rate within the country.

The Ministry of Commerce and Industry and the Central Bank of Liberia are being urged to address the issue of Scratch Card sales and the US dollar exchange rate.

Currently, street vendors are selling Scratch Cards at 200 Liberian Dollars, despite the prevailing market rate being approximately 160 Liberian Dollars to 1 US Dollar.

The discrepancy between the official exchange rate and the rate at which Scratch Cards are being sold is causing difficulties for Liberians.

The sale of Scratch Cards is not aligning with the US dollar exchange rate, as the exchange rate of 1 US Dollar to Liberian Dollars is approximately 160, yet Scratch Cards are being sold at a higher rate.

Orange and Lonestar wholesale cards are approximately 47 to 48 US Dollars, while agents or retailers receive a commission of 3 US Dollars each from the 47 to 48 US Dollar wholesale price.

The 48 US Dollar wholesale cards contain 50 pieces, with one piece valued at 1 US Dollar. Selling these dollar-denominated cards yields a profit of either 50 Liberian Dollars or 40 Liberian Dollars from one dollar-denominated card.

The Ministry of Commerce and Industry and the Central Bank of Liberia are being urged to take action to resolve this issue and ensure that the sale of Scratch Cards is conducted fairly and transparently.

The current situation is placing a financial burden on Liberians who rely on Scratch Cards for their communication needs.

The Ministry of Commerce and Industry and the Central Bank of Liberia need to ensure that the economy remains stable and that citizens are protected from unfair practices.