But we are the once sending money to our families, if you were sending 50euro ever Ramadan, now is not enough for them to buy, and maybe it will be hard for some of us here to add more
If my money was for essentials I would feel bad about my obligations but if it not then one bad month will not harm them. It just affects the planning long term.
If you are importing a cup of mochachino. Yesterday you would have to pay 50 dalasi to buy sterling to import that, now you have to pay 35. So it is cheaper. Custom charges not cheaper because it is paid in dalasi. The question is whom is going to sell their pounds at that price? No one. Foreign reserves of gambia is not much. Plus with these rates Gambians who live abroad will not want to send money to gambia.
Lily is right. It is good for capitalist criminals but not good for avarage gambians who do not hold the capital. Usually people say strong currency mean import is cheaper which is true but import mafia do not reflect this margin to the prices. They collect the extra money to their fund. This is called tranferring money from people to corporations.
More precisely, from the poor to the rich. If viewed in another way, the current situation could be interpreted as a subtle tax on remittances.
could not be said better. Or perhaps tax charge by corporations.
diaspora! Too many Chiefs and Very Few Indians.
Halifa Salah: PDOIS is however realistic. It is fully aware that the Gambian voters are yet to reach a level of political consciousness that they rely on to vote on the basis of Principles, policies and programmes and practices.
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Posted - 25 Sep 2007 : 13:44:30
