These measures increased competition in the domestic financial system.
[ read more ] Until the middle of the nineteenth century the recognised method of payment in The Gambia was by Cowrie Shells.
CENTRAL BANK OF THE GAMBIA November 1, 2016 CENTRAL BANK OF THE GAMBIA Monetary Policy Committee February 28, 2018 Monetary Policy Committee ENHANCING FINANCIAL LITERACY AND CAPACITY BUILDING ON ISLAMIC FINANCIAL INSTRUEMENTS (IFIs) – PROJECT NUMBER: 2014 – GAMFINAN -061 PRESS RELEASE – CBG WEBSITE The Central Bank of The Gambia (CBG), through the Ministry of Finance and Economic Affairs (MOFEA) secured funding from the Standing Committee for Economic and Commercial Cooperation (COMEC) of the Organization of Islamic Cooperation (OIC) to implement a project titled “Enhancing Financial Literacy and Capacity Building on Islamic Financial Instruments (2014-GAMFINAN-061)”.
This project is geared towards enhancing literacy and capacity in Islamic Financial Instruments (IFIs) with a view towards promoting their increased availability in the COMCEC member countries of The Gambia, Nigeria and Sierra Leone.
The adoption of new and revised or amended standards and interpretations did not result in any changes in the Bank's accounting principles affecting the figures disclosed in the financial statements for previous years and the current year.
[ read more ] The regulation and supervision of insurance business was directly under the Ministry of Finance as empowered by the 1974 Act.
As a result, the CBG on Wednesday, February 25, 2015, launched the following currency notes and coins: The D20 Polymer will be put into circulation on Monday 02nd March, 2015 while the series of redesigned banknotes will be issued on Monday March 30, 2015.
With a desk officer appointed to be in charge of insurance matters at the Finance Ministry, this responsibility was returned to that Ministry.The earliest forms of "coin" were brass or copper rods and sometimes metal tokens.By 1880 silver coins, mainly in the form of French 5 Franc pieces, were in general use.NOMINATION OF NATIONAL ASSEMBLY MEMBERS 2017 BANJUL ADMINISTRATIVE AREA SR. End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country.