The Office of the President has expressed concern over the "unwarranted" hike in the exchange rate of The Gambian dalasi vis-à-vis other international currencies notably the US dollar. A media release from the office of President says that the hike is often instigated by unscrupulous and unpatriotic individuals who are bent on sabotaging the economy. Below is the remaining text of the release:

This state of affairs is unacceptable and as such the exchange rate of the US dollar is fixed at a maximum of 37 dalasis to the dollar with immediate effect. Henceforth any individual who wishes to ship foreign currency out of the country must do so through one of the numerous banks in the country. However, where it is absolutely necessary for an individual to carry cash out of the country such must not exceed US$10,000 (ten thousand dollars) and must be declared at the point of exit otherwise it would be cancelled.

Furthermore, individuals and business entities are hereby warned against hoarding of foreign currency as doing so is against the law. The state has knowledge of those involved in the hoarding of the foreign currency and such persons will be pursued and prosecuted. Operation swat will be reinforced to crack down on illegal / parallel market dealers in foreign currency.