The Daily Observer (Banjul)
Momodou Camara
8 July 2009
column
The dalasi is on the up and registers more gains Good Wednesday morning Gambia and welcome to the Dalasi Update (DUD).
We are privileged this week to bring to you the trading figures of the GM Dalasi in relation to other international currencies notably the Pound Sterling, US Dollar and the Euro as buying and selling take place in our local banks.
The Dalasi is performing very well this week at trading as it manages to further cement it gains as per the 12th of June ,2009 by registering even more gains in that respect. This places the Dalasi in a good stead to further make gains on other international currencies which will be very good for our local market as it imparts a lot on the import and export trade.
In the same vein, we have combed the data supplied by the Central Bank in order to have a general overview of the banking atmosphere covering all 11 operational banks in our financial hub at the present moment. Statistically, we are looking 11 (eleven) International Currencies at trading against our Dalasi in our 11 banks and a total of 85 figures analysed in the process.
Overall, there are 22/85 LOSSES as against our base period of the 12th. June,2009 of 38/85 LOSSES, 22/85 NON MOVING FIGURES as against 41/85 NMVF and 26/85 GAINS as against 6/85 GAINS, this week.
We safely conclude that, the Dalasi has indeed consolidated, stabilised and made impressive gain globally by registering fewer losses, fewer non moving figures and registering more gains to that effect as the 12 th. June, 2009 trading figures.
Non Movers
PHB and GTB are the only banks this week to register 100% non moving figures in all its trading figures, with TBL being a Non Mover on all currencies except in the Euro and British Pound where it registered some losses.
Gains
SCBG, ACCESS, ECOBANK, BSIC, OCEANIC, AGIB, and ICBG are banks that registered few gains in trading this week.
Losses
SCBG, ACCESS, TBL, ECOBANK, BSIC, OCEANIC, FIB & ICBG all registered some losses at trading this week.
Mixed picture
All banks with the exception of PHB & GTB registered a mixed picture with some gains, some non movings and some losses as at trading as at the 25th. June, 2009.
Mind the gap
Market Beat is here to bring to you the INDICATIVE RATES currency tables as we buy and sell in all our operational commercial banks and MJ Financial Services Foreign Exchange Bureau as dictated to us by the Central Bank of the Gambia (CBG) as at the 25th. June, 2009. Please note that these figures could be subjected to changes as market forces come into play and at the discretion of the banks hereby mentioned.
Be the first to Write a Comment!
Copyright © 2009 The Daily Observer. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.
AllAfrica aggregates and indexes content from over 125 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.
