Saturday, August 24, 2019

New Banknotes To Begin Circulation Today

on

The Governor of the Central of the Gambia confirms circulation of the new banknotes into the economy to begin on August 6th 2019.

According to a press release from Statehouse on Monday 5th August 2019, the Governor of the Central Bank of The Gambia presented samples of the country’s new banknotes to President Adama Barrow at the State House.

Speaking to the State House media corps after the meeting with the president, the Governor of the Central Bank, Mr. Bakary Jammeh explained the structure through which the new notes will be released to the public.

“Issuing the money into the economy means it is done through the commercial banks who maintain deposits with us. As it is the Tobaski season, there is a high demand for cash. So, when banks come for their money at the Central Bank, we issue them with the new notes,” said Mr. Jammeh.

The President was informed that the Central Bank will maintain the old currencies in circulation side by side with the new notes until further notice.

In May 2019, the Central Bank of The Gambia unveiled a new family of notes, including the D200 denomination. All of the redesigned banknotes containing the image of ex-president Jammeh will be replaced.

Must Read

Storm Victims Renew Call for Government Assistance

By: Kebba AF Touray  Victims of the last two storms, are renewing calls for the government and stakeholders to help them relegate their night mare...
12,669FansLike
965FollowersFollow