The Central Bank of The Gambia is charged with the responsibility of maintaining exchange rate stability. It is therefore important for it to monitor the rapid depreciation of the dalasi.
Our findings reveal that the CFA has increased in value from D475 to D550 for the 5000 francs within the past two weeks. This is a rapid depreciation is evident in the informal market. The informal market needs a close study by the Central Bank.
It would have far reaching effect on the prices of commodities that are imported from Senegal. Foroyaa will monitor the market dynamics of goods that are imported from Senegal.