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1 Dollar = 39 Gambian Dalasi???? - Business - Nairaland

Nairaland ForumNairaland GeneralBusiness1 Dollar = 39 Gambian Dalasi???? (1321 Views)

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1 Dollar = 39 Gambian Dalasi???? by KnowAll(op): 8:00am On Feb 22, 2016
How come the Gambian Dalasi has not fallen to 400 to one. The Gambian economy is also a monolithic economy based on tourism like d Nigerian economy. They have not yet diversify their economy yet it seems their currency appears to be stable. So what is going on in Naija. Dem cuz us! huh undecided

Abi na demand & supply. So how come other countries are not so crazy about d green bucks like Naija. I suspect this insantiable demand for dollars is fueled by corrupt Governors and others who in a hurrid quest to become instant millionaires in dollars are converting huge naira in their possession into dollars no matter d rate. Or how else would any sane Nigerian that buys local products and consume local produce be interested in what is happening outside d country.

I am in support of this two tier exchange rate. People like Fayose screaming knows b4 he can steal 1 million dollars he has to convert 400 million naira into dollars. If he does that considering that what he gets from d federral govt has dropped, stealing 400 million from an allocation of 2.5 billion if not less would blow open a big whole in d account which would be visible even from outer space to say d least.

I am in support 100 % of d 2 tier exchange rate let those who require dollar desperately go and seek for it in d black market.

Nigeria is not d only country that operates such a system. Cuba also those so.

I think i have answered d question of why d Gambian dalasi has not fallen and d Naira seems to be going on jolly good ride into oblivion.
Re: 1 Dollar = 39 Gambian Dalasi???? by austin2all: 8:02am On Feb 22, 2016
Pls how much is the dalasis to naira, Gambia is trekkable at least.
https://www.sherv.net/cm/emo/smoke/smileys-passing-joint.gif
Re: 1 Dollar = 39 Gambian Dalasi???? by KnowAll(op): 8:05am On Feb 22, 2016
^^^^^^^^^^^

Do the maths 40÷400=10

I think 1 dalasi is 10 naira.
Re: 1 Dollar = 39 Gambian Dalasi???? by KnowAll(op): 8:09am On Feb 22, 2016
Mr moderator return post to poltics read d content b4 putting business section. It is in support of buhari.
Re: 1 Dollar = 39 Gambian Dalasi???? by Pavore9: 8:29am On Feb 22, 2016
austin2all:
Pls how much is the dalasis to naira, Gambia is trekkable at least.
https://www.sherv.net/cm/emo/smoke/smileys-passing-joint.gif
You and this your joint!
Re: 1 Dollar = 39 Gambian Dalasi???? by Nobody: 9:27am On Feb 22, 2016
austin2all:
Pls how much is the dalasis to naira, Gambia is trekkable at least.
https://www.sherv.net/cm/emo/smoke/smileys-passing-joint.gif
5 to 6 naira,na 2 get d dalasis be wahala
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