CBN Moves To Mint Currency For The Gambia

CBN Moves To Mint Currency For The Gambia
CBN Governor, Mr. Godwin Emefiele
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Nigeria’s Apex bank – the Central Bank of Nigeria (CBN) has agreed in principle to commence minting of 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.

Read Also: CBN Buckles, Devalues Naira As Official Rate Hits ₦419

Africa Today News, New York learnt that the Gambian Central Bank Governor had earlier revealed that his country is running very low on currency and wants to learn how to manage their currency need annually leveraging Nigeria’s wealth of knowledge and experience.

He said currently, they 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.

 

AFRICA TODAY NEWS, NEW YORK

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