Monday, September 23, 2019

STRANGULATING THE ECONOMY WITH POLITICAL DECISIONS

on

The executive has decided to impose controls on the value of the Gambian dalasi which is restricting the sale of foreign currencies, the inflow of remittances and ultimately the ability of the banks to have enough foreign exchange to finance imports both for domestic consumption and re-export.The situation is made worse by reduction in donor support. The printing of new money without putting the old money out of circulation may lead to excess in the circulation of money in relation to the availability of goods and services. This would lead to hyper-inflation.Impunity in economics leads to economic isolation and contraction. The laws of economics do not bow down to executive order. One must either respect them or live a perilous existence. ]]>

Must Read

Government Accepts Commission’s Recommendations Against Former President’s Brother

Gambia Government has accepted recommendations of the Janneh Commission that Judgement against a brother to the former President Jammeh be executed forthwith by the...
13,115FansLike
1,042FollowersFollow