Gambia Scraps Jammeh’s Portrait Off Currency Notes

The move has been welcomed by some Gambians on social media as new regime in Banjul gradually takes a decisive break with the country’s brutal past (PHOTO CREDIT: MSJoof / TNBES / May 2019

Gambia's Central Bank Launches D20 Banknote to Mark 20 Year Coup Anniversary

Statement:

The new D20 banknote is an improved version of the D25 but maintains the colour of the D10 (green) which is the party colour of Jammeh's ruling APRC. (Photo Credit: CBG)

IMF: NAWEC leads spending pressures in Gambia

“Public debt, which stood at more than 80 percent of Gross Domestic Product (GDP) at the end of 2013, is projected to exceed 90 percent of GDP by the end of this year. The burden of government borrowing will exert further pressure on inflation, international reserves, and the exchange rate," IMF says.

The Gambia: Slight decline in bank reserves

Platinum Habib Bank, now Keystone Bank, is one of 10 commercial banks competing in a relatively small market in The Gambia (Photo Credit: M.S.Joof/TNBES/August2011)

Gambian Dalasi Fall Drastically in 2013

In September 2013, the International Monetary Fund (IMF) warned that prolonged overvalued exchange rate would damage Gambia’s international competitiveness (Photo credit: Wikipedia)

THE GAMBIA: An Economy dominated by poor currency performance and strict tax rules in 2013

Think tanks say the economy is ‘still recovering’ from the severe drought that hit the country in 2011

 

In 2013, Gambia's currency, the Dalasi (D), recorded massive depreciation against major foreign currencies.

The Gambia: 2014 national budget is D8.6 billion

The budget estimate includes a budget support of D313 million from World and African Development banks. (Photo credit: Central Bank of The Gambia, CBG)

The Gambia's Central Bank ends suspension of money transfer operator, Ria

In June, The Gambia suspends Ria Financial Services and two other money transfer operators, as national currency continues to weaken. (Photo Credit: All In London)

The Gambia’s Central Bank (CBG) on Wednesday announced it is ending the suspension of the money transfer operator, Ria Financial Services.

Ria and two other money transfer operators [Money Express, and W@ri] were suspended in June - as the national currency, the Dalasi, continues to weaken against major foreign currencies and rising foreign exchange rates.

‘Internet law furthers crackdown on free expression’

ARTICLE19 says the law forms part of a pattern of intimidation and harassment of human rights defenders, journalists, lawyers and government critics.

CBG suspends three foreign exchange bureaus

Amid continuous depreciation of the Dalasi 

The Gambia suspends Ria Financial Services and two other money transfer operators, as national currency continues to weaken. (Photo Credit: All In London)

IMF says CBG stem dalasi depreciation

But, concerns have been raised about the rate at which the dalasi is dwindling in value against major currencies like the US Dollar and the British Pound