Liberia reports decline in production of export commodities

Monday, January 25, 2016

Liberia’s Central Bank (CBL) has reported a sharp decline in gold, diamond and iron ore production between July and September, 2015.The CBL Financial and Economic Bulletin released recently blamed the fall on the decline of the prices of the country’s major export commodities on the world market.

According to the bulletin, gold production fell to 990 ounces, down from 2,744 ounces produced in the preceding quarter, adding that the slump in production can be attributed to the decline in the world market price of the commodity.

The report stated that the total production of diamond during the same period stood at 11,769 carats, 46.4 percent lower than the output of the previous quarter.

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