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 some more minor gains against major world currencies which are indeed very good for the Dalasi and the economy as a whole.

non movers
Trust Bank Gambia Ltd and PHB are the only two banks that remain stable as at last week’s trading figures. This means there are no gains or looses as per the Dalasi at trading as far as these two banks are concerned. Their last week figures remained the same and that is some good news to the health of the Dalasi.

mixed picture
The Arab Gambian Islamic Bank and ECOBANK are all loaded with mixed figures some gains and some looses as the Dalasi goes into trading this week. Both bank posted figures that are not clear cut as the Dalasi is loosing some grounds in some currencies and are none moving and gaining some more grounds in other currencies.

the market trends
The Standard Chartered Bank, First International Bank, Guaranty Trust Bank, Access Bank, Banque Saharienne pour L’investissement Et le Commerce are all registering looses as per the Dalasi at trading this week. These banks are saying the Dalasi is loosing some minor grounds against other major world currencies at trading this week.

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, thus: