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The Dalasi update
Sunday, February 22, 2009
Good Monday morning Gambia and welcome to Dalasi Update (DUD).
This week’s trading figures registered more minor gains than losses and non- movers. This is a good sign and I hope it is translated into further gains in the weeks that lie ahead. SCBG The bank registers all gains in all currencies except on the US Dollar where it is a non-mover as per last week’s trading figures. Equally impressive this week are: ECOBANK, AGIB and FIB who all registered good gains in almost all currencies this week. Non movers TBL is the only bank 100% non-mover this week on all its currencies as per last week trading figures. BANK PHB is equally following closely with non-moving figures in all currencies except on the British Pound Sterling and on the Canadian Dollar. Mixed picture All other banks registered some gains, some losses and some non movers to that effect. Generally, the buying and selling of foreign currencies within our banks are impressive this week once again. Mind the gap Market Beat has the privilege to bring to you the INDICATIVE RATES currency tables as we buy and sell in asome of our commercial banks as dictated to us by the Central Bank of the Gambia (CBG) as on the 19th February 2009.Please note that these figures could be subjected to changes as market forces come into play. Author: By Momodou Camara
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