Tag Archives: central bank of Gambia


Before January 2011 there were fourteen banks operating in the country, with less than 25% of a bankable population. When the capital requirement was augmented on grounds: that banks are better equipped to withstand period of economic and financial stress and therefore support economic growth; help maintain market confidence in the solvency of the banking system; and impose market discipline and provide a large cushion to protect taxpayers from the quagmire of a bailout process, unexpected capital flight gripped Oceanic bank. read more

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