01803cas a2200265 a 4500 AALejournalIMF005637 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451871852 1018-5941 BD-DhAAL BD-DhAAL Menkulasi, Jeta. Dedollarization in Liberia-Lessons From Cross-Country Experience / Jeta Menkulasi, Lodewyk Erasmus, Jules Leichter. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (23 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Liberia's experience with a dual currency regime, with the U.S. dollar enjoying legal tender status, dates to its founding as a sovereign country in 1847. Following the end of the most recent episode of civil war in late-2003, the new government has expressed interest in strengthening the role of the Liberian dollar. Liberia, however, is heavily dollarized, with the U.S. dollar estimated to account for about 90 percent of money supply. Cross-country experience suggests that dollarization does not preclude monetary policy from achieving its primary objective of price stability, and that successful and lasting dedollarization may be difficult to achieve. Mode of access: Internet Erasmus, Lodewyk. Leichter, Jules. IMF Working Papers; Working Paper ; No. 2009/037 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/037/001.2009.issue-037-en.xml IMF e-Library