Sunday, August 25, 2019

STRANGULATING THE ECONOMY WITH POLITICAL DECISIONS

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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. ]]>

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