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kobo
United Kingdom
7765 Posts |
 Posted - 11 Jun 2013 : 22:17:34
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1. RELATED BANTABA TOPICS:
2. DAILY OBSERVER NEWS WITH THE GOVERNOR OF CENTRAL BANK;
2. THE DAILY NEWS;
"The value of the Gambia’s dalasi is going down the drains every other day. It is one of the weakest currencies in the sub-region today. In the 70s, the dalasi was equivalent to The British pound sterling, but as late as a couple of months ago pound sterling was equivalent to D42. Today £1 is equivalent to D56.8. What a weak dalasi it is today.
One pound sterling is equivalent to D56.8. Whiles every 5000 CFA is equivalent to D390.00, and one USA dollar is equivalent to D36.5, and the one Euro is 48.5 The dalasi Gambia’s currency is losing value day by day.
At some point a year or two ago, when the dalasi was going down, government of the Gambia blame local business people for the fall and weakness of the dalasi, and they were threaten with seizure of licenses, or they bring down the exchange rate.
A statement from the office of the president was issued with exchange rates fixed at certain points. Did it last long? The answer is a definite No!
Since the situation has come back again, can the government not come up with another stand on the poor exchange rate for the local currency? ..."
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