12/10/2025
A Market in the Shadows Like many developing countries, The Gambia’s foreign exchange (FX) market is under persistent pressure. Our imports continue to far exceed exports, creating chronic trade deficits. Business owners routinely complain about uncertainty in accessing hard currency to pay suppliers, while individuals face fluctuating rates from one trader to another. So, what lies beneath this volatility? Beyond trade imbalance, many developing nations—including The Gambia—operate FX markets that lack transparency, digital traceability, and firm regulatory oversight....
Discover practical reforms to fix The Gambia’s forex crisis. Learn how Nigeria stabilized the Naira and what policies the CBG can adapt for lasting stability.