The Dalasi has registered once again more NON MOVING FIGURES (NMF) with an impressive 54 Non Moving Figures (NMF) out of 92 Total Trading Figures(TTF) this week.

This is a good sign and I hope a trend starts to build up which could serve as a catalyst for the registration of more gains against other major world currencies notably the Pound Sterling, Euro and the US Dollar. We have in statistics terms 54/92 NON MOVING FIGURES, 28/92 GAINS and 10/92 LOSSES. This translates into 59% NMF; 30% GAINS and 11% LOSSES respectively. We can deduce from the above that the Dalasi is very stable and we are poise to see further consolidation and gains by next week the financial chemistry remains the same. With the Gambia Groundnut Season at its peak and the availability of locally  produced crops in our store s and market we are in a good position to import less and export more and that could be some good ground for the Dalasi to bank more gains as we move into the middle of the first quarter of 2010.

The big issues this week
This is a first time for a very long time to have a situation where there is 100% NON MOVING FIGURES IN ICBG. In the same drive, unlike last week we have four banks on 100% NON MOVING FIGURES this week.

Non movers
BANK PHB, FIB, PRIME BANK AND ICBG are all on 100% non moving figures this week which is very encouraging.

Gains
SCBG and ECOBANK have each registered a single gain while ACCESS BANK has registered two gains. BSIC, TBL and GTB have all recorded three gains while AGIB posted seven and OCEANIC with the highest number of gains at eight respectively.

Losses
All Banks with the exception of BANK PHB, OCEANIC BANK, ICBG, FIB and PRIME BANK, ACCESS BANK, BSIC, AGIB have registered some losses at trading this week.

Mixed picture
All Banks with the exception of ICBG, PRIME and BANK PHB posted a picture with mixed figures with some gains, some losses and some non moving figures which has made our currency tables very informative. However, on a general outlook the Dalasi is very stable with more 59% NON MOVING FIGURES slice of the currency table cake.

Mind the gap
Market Beat wished to bring to you the INDICATIVE RATES currency tables as we buy and sell in all our operational commercial banks as dictated to us by the Central Bank of the Gambia (CBG) as at the 29TH. January 2010. 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.