Central Bank of The Gambia

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The Central Bank of The Gambia is the central bank of Gambia. Its name is abbreviated to CBG. The bank is located in Banjul and was established in 1971.[1]

Operations[edit]

As a central bank, CBG is responsible for providing banking services to the Gambian government, for managing interest rates and foreign exchange, for interacting with Gambian industries, for supporting microfinance, and for managing the value of the dalasi, which is Gambia's currency. [1] The bank is responsible for managing the sale of Gambian bonds and treasury bills on the international securities market. The bank is involved in economic research in regards to the future of Gambia and West Africa.

The CBG is working with GIPFZA, the Gambia Investment Promotion and Free Zones Agency, in the creation of a 1.6 square kilometre business and industrial park near Banjul International Airport.

See also[edit]

References[edit]

  1. ^ "History of CBG". Retrieved 30 August 2012. 

External links[edit]