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REPUBLIC OF LIBERIA
MINISTRY OF FOREIGN AFFAIRS
MONROVIA, LIBERIA

PRESS RELEASE

Statement on the Closure of Bank  Accounts of Liberian Missions in the
United States

FOR IMMEDIATE RELEASE
(MONROVIA, TUESDAY, APRIL 1, 2014): The Ministry of Foreign Affairs
says it is aware of the banking situation obtaining in the United
States affecting the Liberian Missions in Washington DC, the Permanent
Mission at the United Nations and the Consulate in New York City. The
crisis arose from a recent decision taken by banks in the US to
terminate their relationship with over 80 diplomatic missions in the
US including Liberia.

The Ministry reiterates that the closure of banking accounts is a
situation not unique to Liberia but rather affects 80 other diplomatic
missions operating in the United States of which Liberia is part. The
Foreign Ministry in a statement said it is working with the US State
Department, the Liberian Missions in DC and New York, US Embassy near
Monrovia, as well as the Ministry of Finance and the Central Bank of
Liberia to resolve the problem in the shortest possible time.

The Ministry recalled that US Commercial Banks  carried out similar
action two years ago that affected almost the same number of
diplomatic missions. The Ministry said interim measures are being
worked out to address the issue of payment of salaries and operational
needs of the missions in DC and New York for the next quarter until
the banking situation affecting Diplomatic missions in the US is
permanently resolved.

Signed:
        Horatio Bobby Willie
        ASSISTANT MINISTER/PUBLIC AFFAIRS

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