Back and Next - Back and NextThe Dalasi update
Monday, February 16, 2009
Good Monday morning Gambia and welcome to Dalasi Update (DUD).
There are very little changes as per last week trading figures in respect to our Dalasi against major world currencies notably the Pound Sterling, Euro and US Dollar. Where there are variances; be it favourable or adverse, it is still infinitesimal and I will not lose sleep over the gains and losses at trading this week.
Non movers
FIB and BANK PHB are all 100% non-movers this week on all currencies at trading at the week. This is the third and second week running for FIB and BANK PHB respectively in this category and please do keep it up. ECOBANK and TBL are all non-movers in all currencies except a loss on the Pound Sterling with regards ECOBANK and TBL.
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 and the Dalasi is doing well to maintain the momentum.
Gains
No bank this week registers major gains of any type in all currencies.
Losses
All banks this week avoided all-losses in all currencies.
Mind the gap
Market Beat has the privilege to bring to you the INDICATIVE RATES currency tables as we buy and sell in all commercial banks presently in operation and a selection of our Bureau de Change as dictated to us by the Central Bank of the Gambia (CBG) as at the 12th, February 2009.
Please note that these figures could be subjected to changes by any of the respective banks if and when the need so arises and when, as we say in business circles: “if the price is right” to buy or sell. That preponderance lies with the banks to decide and all we do here is to show you the likely picture in each of these banks as dictated by the Central Bank.
There are very little changes as per last week trading figures in respect to our Dalasi against major world currencies notably the Pound Sterling, Euro and US Dollar. Where there are variances; be it favourable or adverse, it is still infinitesimal and I will not lose sleep over the gains and losses at trading this week.
Non movers
FIB and BANK PHB are all 100% non-movers this week on all currencies at trading at the week. This is the third and second week running for FIB and BANK PHB respectively in this category and please do keep it up. ECOBANK and TBL are all non-movers in all currencies except a loss on the Pound Sterling with regards ECOBANK and TBL.
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 and the Dalasi is doing well to maintain the momentum.
Gains
No bank this week registers major gains of any type in all currencies.
Losses
All banks this week avoided all-losses in all currencies.
Mind the gap
Market Beat has the privilege to bring to you the INDICATIVE RATES currency tables as we buy and sell in all commercial banks presently in operation and a selection of our Bureau de Change as dictated to us by the Central Bank of the Gambia (CBG) as at the 12th, February 2009.
Please note that these figures could be subjected to changes by any of the respective banks if and when the need so arises and when, as we say in business circles: “if the price is right” to buy or sell. That preponderance lies with the banks to decide and all we do here is to show you the likely picture in each of these banks as dictated by the Central Bank.
Author: By Momodou Camara
See Also - See Also