Re: 15 banks eye Gambia

Friday, June 27, 2008
Editor,

I am requesting your usual cooperation to address this issue to His Excellency, Alhaji Dr Yahya AJJ Jammeh. His development activities have been realised and have since yielded dividend, as is manifested in the socio-economic state of the Smiling Coast of West Africa.

However, I have an observation, and I would like the Central Bank of The Gambia to take note. The Central Bank of The Gambia should take its stance as it is supposed to be giving us updates and peg acceptable exchange rates for all other banks to comply with. But, unfortunately, a bank like Trust Bank has not been complying with what the CBG has instructed it to. I have my proof; you can browse through their website and see the big difference. Also see that of Standard Chartered Bank and all other banks. Go to the foreign exchange outlets and you will find out that they have their own system of controlling Gambian currency to foreign ones. Now who is the supreme? This issue ought to be addressed by the CBG. Control all other banks and complement government’s efforts.

Mariam Jallow                                                                                                 

UK

Author: DO