Trading on the floor of the money market of the Central Bank of the Gambia witnessed improvements in the 91-Day and 182-Day Bills although the 1-Year Note dropped by 7 basis points from a previous level of 15.70 per cent and is currently quoted at 15.63 per cent.
The 91-Day Bill was up by 15 basis points to 12.93 per cent. The Bill was previously quoted at 12.78 per cent. The 182-Day Bill was quoted at 13.99 per cent following an 8 basis-point increase from 13.91 per cent last week.
The 91-Day S/S Bill inched up by 2 basis points from 12.36 per cent to a week close of 12.38 per cent.
Dalasi Still Unimpressive
The Gambia’s local currency exhibited a mixed performance on the interbank market but weakened on the parallel market this week. On the interbank market, the Dalasi was stable at D26.65 against the US Dollar but appreciated by 25 bututs against the Pound to D43.
The local currency however depreciated by D1.25 and D7.50 to close at D38.50 and D275 against the Euro and the CFA Francs respectively.
On the parallel market, the Dalasi depreciated by 18 bututs against the Dollar to D26.93 and was down by D1 against the Pound to close at D42. The local currency also dropped 75 bututs against the Euro to D36.75 and depreciated by D10 against the CFA Francs to close the week at D270.
The international currency market saw the US Dollar register a loss against the Pound while remaining unchanged against the Euro and improving against the Japanese Yen. The dollar was up by 2.44 per cent against the Pound and was quoted at $1.64 but was fixed at $1.40 against the Euro. The dollar however posted a 1.20 per cent gain against the Yen; with the Yen exchanging hands with the Dollar at Y98.18.
Dalasi Inter-Bank Mid Exchange Rates
USD 26.65
UKP 43.00
Euro 38.50
CFA 275.00
Dalasi Forex Bureau Mid Exchange Rates
USD 26.93
UKP 42.00
Euro 36.75
CFA 270.00
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