The dollar in the ascendance against the dalasis at the exchange market. Today stand at D42.20 = $1. For those of us earning In foreign currencies - we're happy with the return on remittance to family/friends. Understandable!
How about the Gambian economy? Majority of our compatriots earn in dalasis. How those high dollar affects there spending? How would lowering demand affect economic expansion? Flip that to the supply side - lower demand means cut supply or risk market surplus. That could go to falling prices - ok, I will stop here.
Prices are raising in Banjul. A nephew just text me cement has gone up D10/bag in Brikama - from D275 to D285. Equally prices of stable foods are up and up.
What's your fix - assume your are a policy maker tasked to fix our economy? How you do reduce the impact the cyclical global economic fluctuations for our locals?
Burama
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