The governor of Central Bank of The Gambia has dismissed reports that the Nigerian Central Bank has been contracted to print the Gambian dalasi. 

Buah Saidy said the report is unfounded and there are no arrangements with Nigeria. 

“We don’t have time to respond to this kind of information. I told you I was not in Nigeria, I went with my team, I was not there to print any currency or negotiate for printing of The Gambian dalasi,” Mr Saidy told journalists at a press conference of the bank’s quarterly monitoring policy committee meeting in Banjul.

He added that if they are to print the Gambian currency “we will be very transparent as a Central Bank [and] we will invite bids from printers globally and they will send in their bids in accordance with the GPPA requirement and then we will award the contract.

“The Central Bank is too busy to help develop this country [as] we are in a desperate situation. 

“What we are focus on is to help this country and Gambians enjoys stable prices, a very stable financial sector with high level of liquidity to invest and improve the quality of the lives of the Gambian people.

“And make sure that the exchange rate in dalasi is at a very good equilibrium, where it is not overvalued to the disadvantage at the level of the Gambians.”

Reporting by Adama Makasuba 

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