In a message dated 10/3/2003 10:13:37 AM Eastern Daylight Time, 
[log in to unmask] writes:

>  
> Thanks for subscribing to the post. I have been following your conversation 
> with Tombong and I would if may share my little knowledge on exchange rate 
> and the stability of the dalasi with you guys. As you the dalasi is allegedly 
> said to be freely floating, but I think the monetary authorities are adopting 
> a "dirty float" or managed float with their frequent intervention in the 
> FOREX market (mostly selling when the rates goes up and hardly purchasing when it 
> goes down) to come to an equilibrium point (a state of balance).
> 
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Brother, like Gambia, Argentina, Haiti and many other countries facing such 
foreign exchange crisis, bloated bureaucracy, lack of productive capacity base, 
political climate, etc. determines the will and ability to get out of this 
doldrum. If we back up the calendar to July 21, 1994, what was the jawara regime 
doing that the Jammeh regime is not following? It's the same 
graduates/professionals and private Foreign exchange dealers that ran the show. The first 
thing these hustlers would do in the morning, is to send stop by Central Bank to 
find out the posted ongoing rate of all foreign currencies, hence try to 
compete. If it worked all these years until, criminals like lang Conteh and Ali 
Baaba Blood Diamond Jobe got into the lucrative business, who's to blamed? The 
hustlers or the bankrupt regime. They got it wrong! Kaput! Hopefully, Brother 
Bala Gaye, will look Yahya straight in the face and declare hands-off the market 
place until it retains its equilibrium. If I were Bala Gaye, the first thing 
to do is to retrench the bloated and unproductive over staffing of government 
offices with A[F]PRC compatriots. Then, launch an immediate 24/7 auditing of 
Customs, Central Bank and Ports, to find out who owes what? Declare an amnesty 
for all outstanding monies owed be paid back on an arranged basis..NO IF's, 
AND's or BUT's...even Yahya Tarik and Baba Jobe...no exemption!     

"The world is a dangerous place to live; not because of the people who are 
evil, but because of the people who don't do anything about it."
 - Albert Einstein
"Never doubt that a small group of thoughtful, committed citizens can change 
the world. Indeed, it’s the only thing that ever has."
- Margaret Mead 
"When the government fears the people, you have liberty. When the people fear 
the government, you have tyranny." 
- Thomas Jefferson
"All that is necessary for evil to triumph is for good men to do nothing" 
- Edmund Burke 

    
    


    

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