The dalasi enjoys protracted relative stability

Since the start of 2009, the Dalasi has for the first time gone on an extended week- in-week-out run in stabilizing gains and minimizing losses and consolidating non moving figures. The Dalasi is doing tremendously well as we poise to enter the last quarter of 2009 and that is indeed very good news for our survival and commerce. Globally, since the last week of July 2009 to date spanning over an eight week period the Dalasi has indeed done very well at trading against major international currencies and has performed well in stabilizing its figures in the following respects,thus:

The Dalasi over the period under consideration registered impressive figures which have indeed helped in consolidating the Dalasi and in the process boosting the economy and providing a platform for confidence in the Gambian Dalasi. 

We have collected data supplied by the Central Bank in order to have a general overview of the banking atmosphere covering all 11 operational banks in our financial hub at the present time. We have the honour for the first time to post figures from Prime Bank, the newest entrant into Gambia's booming banking catchment. 

Statistically speaking, we are looking 11 (eleven) International Currencies at trading against our Dalasi and a total of 85 figures analysed in the process. Overall,there are 45/85 losses; 33/85 non moving figures and 7/85 gains as per the 28th. July, 2009. We therefore, conclude that the Dalasi has indeed consolidated and stabilized very well over an eight week period from the last week of July this year. 

The Gambian populace and business fraternity should be well prepared as there is all to gain in the weeks ahead to December as we are now preparing for the harvest of local crops and other cereals. 

Non Movers


FIB and Bank PHB are the only banks this week to register 100% non moving figures in all its trading figures registering non moving figures on all currencies since the 28th. July, 2009.

Gains

SCBG, AGIB, ICBG, GTB, and OCEANIC Bank each registering a single gain with ACCESS Bank alone registering two gains.

Losses

SCBG, TBL, AGIB, GTB, ICBG, ACCESS, ECOBANK, BSIC and OCEANIC BANK all registered some losses at trading.

Mixed picture

All banks with the exception of PHB Bank and FIB did register mixed picture with some gains, some non movings and some losses as at trading as at the 11th.September, 2009.

Mind the Gap

The Indicative Rates currency tables as we buy and sell in all our operational commercial banks and welcoming Prime Bank as providers of first time trading figures as dictated to us by the Central Bank of The Gambia (CBG) as at the 11th. September, 2009. Please note that these figures could be subjected to changes as market forces come into play and at the discretion of the banks hereby mentioned.