Nigeria To KickOff Currency Minting Deal With Gambia

The Central Bank Of Nigeria has agreed on a currency minting deal with the Central Bank of Gambia.

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, June 15.

According to Mr Buah Saidy, the purpose of the visit is to not only propose the minting deal but to also learn how to manage Gambia’s currency by leveraging Nigeria’s wealth of knowledge and expertise on currency minting.

The Gambia which is reportedly running low on currency had previously sourced for a two-year currency minting deal abroad but are now considering minting from Nigeria.

Meanwhile the Gambian Dalasi to naira values at 1 Dalasi to 8 Naira as at June 14 2021. The Dalasi to Naira rate recently moved upwards by 0.11% in the FX Market.

Patsy Nwogu

Reporting on data-driven featured stories and investigations.

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