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The Dalasi Update

Mixed highs and low at trading This week again witnessed a mixed picture as the Dalasi goes trading against major world currencies notably the Pound Sterling and US Dollar to name but a few. The Dalasi managed to consolidate its position in most banks locally making minor gains here and there. The us dollar  All banks in the Gambia with the exception of TBL, PHB and FIB all made minor loses against the Dollar as per the Dalasi at trading this week. The markets are therefore saying there is a...

The dalasi update

The Dalasi goes into trading this week with nothing much happening with the Dalasi generally very stable as per last week trading figures. Market Beat has the privilege to bring to you the currency tables as we buy and sell in our major banks as dictated by the Central Bank of the Gambia (CBG) as at the 28th August 2008.

Mixed highs and lows at trading

This week witnessed a mixed picture as the Dalasi goes trading. The Dalasi was very impressive in the past two consecutive weeks making some minor gains against major world currencies notably the Pound Sterling, the Euro and the US Dollar. colours on international bank of commerce (icbg) ICBG is the only bank this week to go on trading with reduced figures as per last week trading figures and that is very impressive. ICBG is the only bank that is saying the Dalasi is still continuing to make...

The Dalasi update

The Dalasi has made some minor gains in respect of major world currencies notably the British Pound Sterling and the American Dollar that is very encouraging but not significant enough to make headlines. However as TESCO has it ‘ every little help’ so is the case here as far as our Darling Dalasi is concern. Much has remained the same of our last week trading figures. In addition to those encouraging gains we are poise to look forward to a week of relative calm in trading on the markets and...

Access to finance critical in enhancing productive capacities in any economy - SoS Abdou Kolley

Abdou Kolley, secretary of state for Trade, Industry and Employment, has said that access to finance is critical in the role of the private sector, in enhancing productive capacities in any economy. SoS Kolley made this remark on Thursday, while delivering an opening statement at a conference on Banking and Finance, on the theme: "Financing for development – accessing information and funding." Organised by The Gambia Chamber of Commerce and Industry, in collaboration with International Finance...

GPA has shortest rate in clearing goods

Abdou Colley, Secretary of State for Trade, Industry and Employment has said the country has made significant progress in simplifying procedural requirements for the import and export of goods, adding that the Gambia is one of the countries in Africa with the shortest turn around time for clearing goods from our port. SoS Colley made these statement last week while declaring opening a one-day workshop on the theme "Dialogue on Trade Facilitation in the Gambia: Challenges and Opportunities’’...

CBG: No ban on CFA Franc

The Central Bank of The Gambia (CBG), has asserted that it has no intention of imposing a ban on trading in CFA, neither any other foreign currency in the inter-bank market, contrary to reports published in one of the local papers. In a one-page rejoinder copied to the Daily Observer, the CBG dismissed the article as factually incorrect, as it had not issued any notice to the foreign exchange bureaux. "As the custodian of the domestic currency, the Central Bank wishes to reiterate that it...

Does technology play a vital role in wholesale trading?

Technology is one of the cornerstones of commerce in any form in the current scenario. Every transaction has some sort of technological advancement enabling it, from the simplest process of buying orange juice from Wal-Mart to running a completely virtual online business. Wholesale trading is no exception. Logistics these days are completely dependent on technology, and the smallest business will find that access to technology is essential. The Internet is also a big part of the revolution. In...