Mr.  Jasseh,

At your convenience, for those of us who are not savy in the fields of
accounting and financing, could you kindly elaborate on the realization
principle( Revenue Recogniton Principle)  and the effect such practices have
on the devaluation of the Gambian Dalasi?


Welcome back and hope you had a wonderful time.


As always to You- BEST REGARDS,


Ablie Njie- Lekbi






Best Regards,


Ablie Njie0- Lekbi





>From: Jassey Conteh <[log in to unmask]>
>Reply-To: Jassey Conteh <[log in to unmask]>
>To: [log in to unmask]
>Subject: The Gambian Dalasi
>Date: Tue, 3 Feb 2004 10:12:29 -0500
>
>Comrades:
>
>I was just checking around and noticed that hotels, taff's real estate and
>other
>entities in the Gambia are denominating their respective sales prices in
>the U.S.
>and the British Pound Sterling.  This should be stopped by the Ministry of
>Finance
>because it has contributed to the devaluation of the Gambian Dalais.
>
>Since these entities are located in the Gambia, both the revenue and
>expenditure
>measurements state that the domestic currency should be the functional
>currency
>for the realization principle.  I hope the Ministry of Finance takes a
>serious look
>at the lack of confidence that these entities are contributing to the
>economic stability of
>the Gambia.
>
>Naphiyo,
>Comrade M. Lamine J. Conteh
>
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