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'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.

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)