Mutilated and hackneyed dalasi banknotes are a major source of friction between commuters and mates of drivers of commercial vehicles on The Gambia’s roads. It would appear that gone are those days when new, crispy banknotes constantly replaced torn and worn-out currency notes. The Central Bank of The Gambia is[Read More…]
Tag: Central Bank of The Gambia
IMF Reaches Staff-Level Agreements With Gambia, Approves Additional Financing Amid Middle East Crisis
The International Monetary Fund (IMF) has reached staff-level agreements with the Gambian authorities on the fifth review of the country’s Extended Credit Facility (ECF) programme and the second review of its Resilience and Sustainability Facility (RSF), paving the way for additional financial support to help the country navigate mounting economic[Read More…]
Spanish Police Bust Fraud Scheme Tied To Gambia-Based Bank
The Guardia Civil in Spain has arrested three foreign nationals accused of running an elaborate bank fraud linked to a financial institution registered in The Gambia. The operation, codenamed ‘Frux Clearing’, was carried out on Wednesday in Establiments, Mallorca. A Swedish couple, aged 64 and 52, were arrested at their[Read More…]
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