The Dalasi update

Tuesday, August 19, 2008

This week the Dalasi has regained some lost grounds it surrendered in the past three consecutive weeks against the Pound Sterling, the Us Dollar and other major world currencies.

However, these gains are only minor and they would not influence any major changes in our local currency markets.

I must at this juncture say that it is indeed very minor gains but if we are able to go on a run of four weeks constantly making minor gains against these world major currencies then it will be something very good for the Dalasi and the Gambia.

I am always trembling when the Dalasi edges closer to the 50 Dalais to a Pound Sterling Mark as then it is high prices and inflation about to take a bite into our poor financial situations.

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), thus:

CURRENCY SCB SCB TBL TBL ICBG ICGB FIB FIB ECOB ECOB
 BUY SELL BUY SELL BUY SELL BUY SELL BUY SELL
USD (1)  21.00 22.20 19.50 21.20 21.00 22.50 20.80 22.15 20.75 21.50
EURO(1)  31.30 33.20 30.10 33.10 32.80 34.70 31.00 33.00 31.90 33.61
GBP(1)  39.25 41.65 38.00 42.00 41.60 43.60 39.00 41.50 40.5 42.08
CHF (1)  19.30 20.60 18.50 20.00 0.00 0.00 0.00 0.00 19.29 20.67
SEK (100) 330.00 360.00 300.00 330.00 0.00 0.00 0.00 0.00 313.25 355.05
CFA(5000) 235.00 255.00 220.00 245.00 235.00 260.00 0.00 0.00 239.00 257.00
NOK(100) 380.00 430.00 360.00 420.00 0.00 0.00 0.00 0.00 370.31 419.10
DKK (100) 410.00 460.00 380.00 440.00 0.00 0.00 0.00 0.00 399.36 447.28
SAR(1)  0.00 0.00 6.84 7.25 0.00 0.00 0.00 0.00 0.00 0.00
CAD(1)  19.75 21.00 19.00 21.50 0.00 0.00 0.00 0.00 0.00 0.00
JPY(100)  19.00 20.50 19.30 21.20 0.00 0.00 0.00 0.00 0.00 0.00
AUD(1)  0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
          
CURRENCY ACCES ACCES BSIC BSIC IBC IBC AGIB AGIB GTB GTB
 BUY SELL BUY SELL BUY SELL BUY SELL BUY SELL
USD (1)  20.60 21.90 20.80 22.00 20.00 21.40 21.00 22.25 21.25 22.30
EURO(1)  32.50 34.25 31.50 33.40 31.10 33.20 31.30 33.70 31.50 34.00
GBP(1)  40.00 43.25 39.55 42.40 39.50 42.20 39.90 42.50 40.25 43.00
CHF (1)  0.00 0.00 18.75 19.80 18.50 21.00 19.34 20.75 18.70 21.00
SEK (100) 0.00 0.00 345.00 360.00 320.00 375.00 330.00 375.00 300.00 375.00
CFA(5000) 240.00 257.00 237.00 255.00 220.00 250.00 245.00 265.00 220.00 260.00
NOK(100) 0.00 0.00 406.00 430.00 365.00 445.00 390.00 445.00 0.00 0.00
DKK (100) 0.00 0.00 425.00 460.00 380.00 430.00 420.00 457.00 0.00 0.00
SAR(1)  0.00 0.00 0.00 0.00 0.00 0.00 6.50 7.5 0.00 0.00
CAD(1)  0.00 0.00 19.10 20.10 19.00 21.50 19.60 20.90 0.00 0.00
JPY(100)  0.00 0.00 19.00 20.00 0.00 0.00 0.00 0.00 0.00 0.00
AUD(1)  0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Author: by Momodou Camara