Author Topic: Gambia: New Series of Banknotes in 2018  (Read 369 times)

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Offline Bimat

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Gambia: New Series of Banknotes in 2018
« on: November 25, 2017, 02:20:06 PM »
Gambia to replace Jammeh’s face on bank notes

25 Novembre 2017

Banjul, Gambia, November 25 (Infosplusgabon) – The Gambia from next year will introduce bank notes to replace the existing ones bearing the face of former president Yahya Jammeh, officials have said.
 
According to the governor of Gambia’s Central Bank, Bakary Jammeh, his institution is at an advanced stage in trying to replace the country’s currency bearing Jammeh’s image with “family notes.”
 
“When you print millions, you will have to charge million to your profit and loss expense. We developed a strategy here at the bank [to replace those notes], as we also do not want to see Yahya Jammeh’s face on the Dalasi. Yet it is very expensive to print fresh bank notes,” the governor said at a press briefing in Banjul.
 
Mr. Jammeh indicated that redesigning an entire new currency could take the Central Bank between nine and ten months and it first embarked on a projection of the stock of banknotes they had in terms of how long it will last.
 
“Now when we did with our existing stock, we realised the stock we have can go for six months. But if you want to redesign again, that will last nine to ten months,” he said.
 
“The currencies that he (Jammeh) had his face printed were introduced in 2015. So the 2014 notes that are still in circulation and did not carry Jammeh’s head on them can be reprinted and delivered in February 2018.
 
“That stock without Jammeh’s head will be used throughout 2018, giving us time to redesign the entire Gambian currency.  It is going to be redesigned with new security features, and it will be different from the kind of currency we have in The Gambia currently.”

Source: Info Plus Gabon
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Offline chrisild

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Re: Gambia: New Series of Banknotes in 2018
« Reply #1 on: November 25, 2017, 02:37:51 PM »
Another source, from Gambia but with basically the same info. As for why the portrait is about to be taken off the notes, have a look here ...
https://en.wikipedia.org/wiki/Yahya_Jammeh#Domestic_policy (former president)
https://en.wikipedia.org/wiki/Adama_Barrow#Domestic_policy (current president)

Christian

Offline Bimat

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Gambia: New Series of Banknotes in 2018
« Reply #2 on: June 01, 2019, 08:31:22 AM »
Gambia’s new banknotes to be circulated in 3 months

Friday, May 31, 2019

The Gambia will introduce new family banknotes different from the previous ones between the next two and three months, according to the governor of the Central Bank of The Gambia, Bakary K. Jammeh.

Governor Jammeh made these remarks yesterday at the bank’s Monetary Policy Committee meeting held at Central Bank, Banjul.

“We feel that the individual faces represented in our own currency should be changed for inclusivity,” he said.

He added that they feel that The Gambia is bigger than everyone and “we have our natural resources that can be displayed on the money to represent all citizens.”

“On the new notes, when you look under ultra violet light, you will see a number of features that glow on the front of the red serial number. The note value in the centre and smaller value in two colours bottom right. On the back, the birds in the bottom right corner also glow.”

“There are also some areas of the note that just look like plain areas of print or sample lines but when using a magnifying lens, you will see that they are small letters and numbers,” Governor Jammeh said at the meeting.

Source: The Point
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Offline Bimat

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Gambia: New Series of Banknotes in 2018
« Reply #3 on: August 11, 2019, 09:42:50 AM »
GAMBIA UNVEILS NEW CURRENCY, REPLACES EX-PRESIDENT JAMMEH’S PORTRAIT

AUTHOR
Ajifowoke Michael Gbenga
PUBLISHED
August 9, 2019

The Gambia’s Central Bank has removed the portrait of its former President, Yahya Jammeh, from the country’s banknotes. This is part of a total overhaul of Gambia’s currency which has been in use since independence.

In January 2018, the apex bank disclosed that it was phasing out all copies of the dalasi (The Gambia’s currency) with Jammeh’s photo on them, which were issued in 2015. This came after Jammeh lost elections to the new President, Adama Barrow, in late 2016 but was forced out of power and then fled to exile in Equatorial Guinea the following year.

Jammeh’s face was vivid on all The Gambia’s currencies, but according to reports, the country’s new notes have been reprinted without his image. The banknotes include 5, 10, 20, 50, 100 and 200 dalasi, while the D25 bill has been scrapped.

Replacing Jammeh’s images are pictures of birds on one side and several local scenes on the other – from a farmer in a rice paddy to a fisherman in a boat at sea. The poultry is believed to be one of the national birds. More so, the new notes are reportedly equipped with high-security features.

The Central Bank head, Bakary Jammeh, on Monday presented copies of the new notes to president Adama Barrow and they were rolled out into the economy on Tuesday through commercial banks.

“A national currency is not (a) personal property and the head of a sitting president should not be on that note,” one of the country’s rights activist, Madi Jobarteh, said of Jammeh’s decision to inscribe his image on the currency.

Ironically, Jammeh had criticized his predecessor – the country’s first president Dawda Jawara – for printing notes with his face on it back in 1971. Years on, Jammeh also had his face on the currency.

Jobarteh added that instead of Jammeh, there are “many Gambians who deserve to be on these notes because of their roles and contributions in the struggle for independence and development of this country since independence.”

The embattled Jammeh is currently under investigation based on accusations of various crimes such as torturing of opponents, executions without trial, forced disappearances and rape during his time in office. A commission of inquiry set up by President Barrow in January has heard that Jammeh looted state funds and mismanaged the economy with unilateral decisions to technocrats.

Source: Ventures Africa
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.