Good Monday morning Gambia and welcome to Dalasi Update (DUD).

This week’s trading figures once again registered more non-movers than gains and losses.

The analysis also showed some more gains than losses in all banks. In a nutshell, the markets depict a picture that buttresses the fact that there is stability in the Gambian currency flow . This is a positive sign and I wish it was translated into gains in the weeks that lie ahead albeit 2009 has been projected a gloomy year in financial terms.

Non-movers
TBL, BANK PHB and BSIC are all 100% non-movers this week again on all currencies as per last week’s trading figures. This is the second week running for all three banks to be in this category. FIB also joins this rank this week with non-moving figures in all currencies as per last week’s trading results.

Mixed picture
All other commercial banks in the country registered some gains, some losses and some non-movement to that effect. Generally, the buying and selling of foreign currencies within our banks is stable once again and I do hope it can be used as a platform to launch more gains in the coming weeks.

Mind the gap
Market Beat has the privilege to bring to you the INDICATIVE RATES currency tables as we buy and sell in some of our commercial banks as dictated to us by the Central Bank of the Gambia (CBG) as at the 6th March 2009. Please note that these figures could be subjected to changes as market forces come into play.