The dalasi update

Good Monday morning Gambia and welcome to Dalasi Update (DUD). The trading figures this week registered on a general scale a mixed picture, meaning there are some non-movers, some gains and some losses.

Non-movers
TBL and FIB are the only banks registered as 100% non-movers this week again on all currencies as per last week trading figures. This is the third week running for TBL to be in this category. FIB is on its second week in this stable category. Bank PHB is also a non-mover on all its currencies except on the Canadian Dollar where it registered a loss as per last week’s trading figures.

Mixed picture
All other commercial banks in the country registered some gains, some losses and some non-movers to that effect. Generally, the buying and selling of foreign currencies within our banks is stable once again with very little in changes here and there be it favourable or adverse in all currencies.

Mind the gap
Market Beat has the privilege to bring to you the INDICATIVE RATES currency table 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 13th March 2009. Please note that these figures could be subjected to changes as market forces come into play.