July 2008 anniversary and the dalasi update

Tuesday, July 29, 2008
This week the Dalais goes on trading against major International Currencies notably the Pound Sterling and US Dollar with once again surrendering some very minor grounds as per our last two weeks trading figures. However, the losses are too insignificant to make or break anything of substance.

The gains made against the Dalasi this week are immaterial and I hope the Dalasi bounces back next week after a very successful 14th. Anniversary of the July 22nd Revolution. The Economy is doing very well and with a promising Rainy Season all the signs are alive for a bumper harvest and a good summer. All these will contribute to a stronger Dalasi and a better life for all residents of this country.

We at Market Beat are confident that the Dalasi will continue its gallantry and with the steadfastness of the Central Bank Monetary Committee we are in good hands and the Dalasi will come good eventually. In that same vein, we look forward to a week of relative calm in trading on the markets and with the Dalasi to continue its struggle to recover its minor losses against the Dollar and Pound Sterling respectively. We would like to bring to you the currency markets trading figures as they buy and sell within our major banks as dictated to the Central Bank of the Gambia.

Author: by Momodou Camara