Back and Next - Back and NextThe Dalasi Update
Monday, January 12, 2009
Good Monday Morning Gambia and welcome to Dalasi Update (DUD) and this week we have some very interesting facts and figures for you with regards the Dalasi as we buy and sell in all our commercial banks.
Welcome FIB
This week we have the pleasure of welcoming First International Bank(FIB) with their impressive and competitive figures after almost a month of non participatory in our currency tables and analysis. This break was rather unhelpful but now that we have them back in our midst we are once again so grateful as they owe it to their esteemed clientele and the banking fraternity as a whole at home and abroad.
The US Dollar
Trading is impressive this week with regards to the US Dollar in relation to our Dalasi. All banks here in The Gambia have registered either a gain as in. TBL, AGIB, ACCESS, ECOBANK and FIB or a non mover as in PHB,GTB and BSIC with only ICBG registering a loss at trading this week. We have seen the US Dollar gain much ground over the week and months since the fall of America’s mighty mega financial institutions.
This strengthening in the US Dollar was also felt here and now the banks here are beginning to make grounds against the US Dollar then that is some piece of good news in a new year. However, what I do not know and am in complete uncertainty is whether these gains registered by our banks against the US Dollar is just one-off and next week will see our banks yet again surrender grounds against the US Dollar? I will ask you to be patient and let us wait and see what happens next
Non movers
Trading is fair this week but it is only BANK PHB in this category of non movers. The bank has been in this category and has a sound track record of stability in its currency dealings which is a goods sign in foreign currency administration and management. Keep it up Bank PHB and this is the fourth week running in this posh category.
Tbl figures this week
TBL is a non mover in all currencies except on the US Dollar where it made a gain, in the Euro it made a loss and in the British Pound it registered a gain this week. We hope the banks makes more gains next week or consolidate its figures next week under non mover which is also a good position to be in than make more losses.
Losses
Access Bank is the only bank this week at trading to make all losses in all currencies except on the US Dollar where it registered a gain.
Mixed picture
All other banks in the Gambia notably AGIB, GTB, ICBG, SCBG, BSIC and ECOBANK are registering and posting mixed pictures with some gains, some losses and some non movers in their respective currency dealings this week.
Market Beat has the privilege to bring to you the INDICATIVE RATES currency tables as we buy and sell in all our commercial banks and a selection of some of our FOREX Bureau Houses as dictated by the Central Bank of the Gambia (CBG) as at the 07th.January 2009, thus:
Comments and contributions to this column please email me at moacamera@yahoo.co.uk.
Welcome FIB
This week we have the pleasure of welcoming First International Bank(FIB) with their impressive and competitive figures after almost a month of non participatory in our currency tables and analysis. This break was rather unhelpful but now that we have them back in our midst we are once again so grateful as they owe it to their esteemed clientele and the banking fraternity as a whole at home and abroad.
The US Dollar
Trading is impressive this week with regards to the US Dollar in relation to our Dalasi. All banks here in The Gambia have registered either a gain as in. TBL, AGIB, ACCESS, ECOBANK and FIB or a non mover as in PHB,GTB and BSIC with only ICBG registering a loss at trading this week. We have seen the US Dollar gain much ground over the week and months since the fall of America’s mighty mega financial institutions.
This strengthening in the US Dollar was also felt here and now the banks here are beginning to make grounds against the US Dollar then that is some piece of good news in a new year. However, what I do not know and am in complete uncertainty is whether these gains registered by our banks against the US Dollar is just one-off and next week will see our banks yet again surrender grounds against the US Dollar? I will ask you to be patient and let us wait and see what happens next
Non movers
Trading is fair this week but it is only BANK PHB in this category of non movers. The bank has been in this category and has a sound track record of stability in its currency dealings which is a goods sign in foreign currency administration and management. Keep it up Bank PHB and this is the fourth week running in this posh category.
Tbl figures this week
TBL is a non mover in all currencies except on the US Dollar where it made a gain, in the Euro it made a loss and in the British Pound it registered a gain this week. We hope the banks makes more gains next week or consolidate its figures next week under non mover which is also a good position to be in than make more losses.
Losses
Access Bank is the only bank this week at trading to make all losses in all currencies except on the US Dollar where it registered a gain.
Mixed picture
All other banks in the Gambia notably AGIB, GTB, ICBG, SCBG, BSIC and ECOBANK are registering and posting mixed pictures with some gains, some losses and some non movers in their respective currency dealings this week.
Market Beat has the privilege to bring to you the INDICATIVE RATES currency tables as we buy and sell in all our commercial banks and a selection of some of our FOREX Bureau Houses as dictated by the Central Bank of the Gambia (CBG) as at the 07th.January 2009, thus:
Comments and contributions to this column please email me at moacamera@yahoo.co.uk.
See Also - See Also