Central Bank of Nigeria to mint currency for The Gambia

Jun 17, 2021, 11:45 AM | Article By: Chris Agabi

The Central Bank of Nigeria (CBN) has agreed in principle to mint The Gambian Dalasi.

The CBN Governor, Mr. Godwin Emefiele, agreed to the currency minting proposal from the Governor of the Central Bank of the Gambia, Mr. Buah Saidy, who led a delegation to visit him on Tuesday.

Mr. Emefiele said Nigeria has a lot of capacity in currency printing as she has been minting since the 1960s and “we are willing to assist in printing your currency. We can be extremely competitive in terms of cost,” he said.

Earlier the Gambian Central Bank Governor said his country is running very low on currency and wants to learn how to manage their currency needs annually, leveraging Nigeria’s wealth of knowledge and experience.

He said currently, they had placed an order for two years currency minting deal abroad but they are considering also minting from Nigeria if Nigeria is willing.

On its part, the Nigerian Security Printing and Minting Company Plc said it is ready if both parties come to a deal. https://dailytrust.com/

Read Other Articles In Headlines
Talib Ahmed Bensoud and KMC tif
IOM launches KMC’s Migration Governance Indicators
Dec 17, 2021, 12:16 PM

The International Organisation for Migration (IOM) on Thursday launched the Kanifing Municipal Council’s Migration Governance Indicators (MGI) process at Metzy Residences in Kololi.

Hon Musa Amm Nyassi
Foni Kansala NAM blames gov’t over prices hike
Jan 28, 2021, 2:28 PM

Hon. Musa Amul Nyassi, National Assembly Member (NAM) for Foni Kansala, who doubles as spokesperson for the opposition Alliance for Patriotic, Re-orientation and Construction (APRC), has said the government is surely to be blamed for the hike in prices of basic food commodities, citing that government has done nothing to address the situation.

Fire v2
Chief Bah cautions Niani amid spate of fire incidents
May 10, 2022, 11:08 AM

As bush fires and compound catching fires continue to affect lives and livelihood of people in Niani District, Central River Region north, the chief of Niani Pierre Bah has advised his people to be careful in dealing with fire.

Victim recounts encounter with Jammeh during HIV/Aids herbal treatment
Jul 23, 2020, 10:34 AM

An anonymous witness, who appeared before the Truth Reconciliation and Reparation Commission (TRRC) recently narrated how he was diagnosed with the HIV/AIDS and his subsequent encounters with former president Yahya Jammeh while administering his alternative treatment in 2007.