![]() ![]() ![]() The results on a broad base are not inconsistent with the past findings made elsewhere. As exchange rate decreases interest rate increases but on the other hand exchange rate has a direct relationship with inflation. Finally the relationship between exchange rates and interest rate is inverse. My findings also proved that volume of FX sales increases profitability while purchases decrease profitability but sale of FX increases profitability by a much greater proportion than the losses due to purchase. Increases in transaction volumes of FX are negatively correlated to profitability of banks and the banking industry, suggesting that as total volume of FX transactions increase profitability of banks decreases. It should however, be noted that, good data relating to Growth of the foreign exchange markets and impact on profitability of banks was not easily available. Related literature on Gambian FX market was hard to come by as a basis for comparison, thus literature from other countries has been used as basis for comparison. A total of 30 observations were made over a period of seven and a half years. I have already been reliably informed that the foreign exchange income constitutes a considerable proportion of the yearly non-interest income of banks. This was because the Central bank data (Balance Sheets) made available to me for the period under study could only show income of banking industry in the form of either interest or non-interest income. It uses non-interest income made by banks from January 2005 to June 2012 although the initial intention was to collect data from 2007 to June 2012 assessing the periods by quarters. Kitabu’s alliance with Essa Faal came some weeks after the political pact between Yahya Jammeh’s APRC and Adama Barrow’s led NPP.This study provides empirical evidence on the relationship between the growth of the foreign exchange market and the profitability of Gambian commercial banking industry. This guy is a natural,” Essa Faal told his supporters. Fatty for his rousing endorsement of my candidacy for president. View Kitabu Jammeh’s profile on LinkedIn, the world’s largest professional community. Therefore, we call on all Gambia’s to support Essa Faal,” Kitabu told the media.įatty went on calling every Gambian to vote for the former TRRC Lead Counsel to “ usher new hope for a better and prosperous Gambia.”Įssa Faal, meanwhile, hailed the move by PDP describing Kitabu as a ‘ naturalist.’ “ Let me take this opportunity to thank Mr. We have all seen the great work he did with the TRRC. I know that I have a lot of experience, but I believe Essa Faal has more experience than me. More School Languages will be added) There are videos, teacher’s notes, word highlight and activities. Every book has audio in the Home Language (eg Arabic, Polish, etc) and in the School language (English or German or Swedish or Norwegian. “ We, at PDP, know that the rightful person to rule this country and to take us to the next level is Essa Mbye Faal. The Kitabu dual-language ebook Library is the world's largest interactive ebook range and growing. Meanwhile, at a press briefing, Kitabu said Essa is the best candidate for the December 4th election due to his track record during the TRRC truth-seeking hearings. The Gambian comedian and Leader of the Progressive Democratic Party (PDP) Kitabu Fatty has declared his support to presidential hopeful Essa Faal ahead of the December 4th presidential election.Įssa Faal is the latest to join the political scene after he declared his intention to run for president, describing himself as the “ best candidate” for the job during the official launch of his party. ![]()
0 Comments
Leave a Reply. |