The Central Bank of The Gambia has announced the decision to rescind the recent restrictions on FCDs and shipment of foreign exchange. The objective of the Directives was to regularize conduct of foreign currency transactions and to prevent unethical behavior of some market participants.
The Central Bank notified as follows:
- Customers can now deposit and withdraw from their FCD accounts in the approved currencies.
- The Dalasi remains the country’s legal tender and that transactions should be quoted accordingly.
- That normal shipment of currency resumes with immediate effect subject to the usual clearance process.
Trust Bank wishes to inform its customers that the internal movement of funds on foreign currency accounts to third parties using any of our banking platforms has resumed with immediate effect.
For further clarifications please contact us on (+220)4225777/8 or email info@tblgambia.com.
