Malamin, thanks for this forward.  My, do we have a crackpot in our midst.

"Nobody can fool me in economics because economics is common sense".

"Let them not try to scare us by economic formulae that do not exist
anywhere in the world."

"They have different rates and there are unscrupulous people in the banks
who set their own rates to make more money without the bank administration
knowing it".

"I know what is going on in the banks."

Folks, this is a clear manifestation of a rabid mind.  No wonder why we are
in the mess we are in, for we have a lunatic for a president.  This is
embarassing.

Chi Jaama

Joe Sambou


>From: Malamin Johnson <[log in to unmask]>
>Reply-To: The Gambia and related-issues mailing list
><[log in to unmask]>
>To: [log in to unmask]
>Subject: Jammeh Warns Banks To Stop Outlaw Tactics
>Date: Tue, 21 Oct 2003 18:52:17 +0000
>
>Please try not to laugh as you read.
>
>MJohnson
>
>Jammeh Warns Banks To Stop Outlaw Tactics
>by Malick Mboob – Daily Observer
>President Yahya Jammeh has said that the focus of his 'Operation No
>Compromise' will turn to the country's commercial banks, some of which are
>selling the dollar and other foreign currencies at high rates.
>He made this remark yesterday at the airport on his arrival from a two-week
>tour of South-East Asia.
>President Jammeh said if the parallel market is controlled, there is no
>reason why the banks should behave like outlaws.
>"My next phase is the banks. I see no reason why if the parallel market
>which is more difficult to control is controlled, banks should behave like
>outlaws. I am going to deal with them very drastically, there is no
>compromise.  I have [just] arrived, wait till tomorrow (today) you will see
>what I am going to do," he stressed.
>President Jammeh warned that the banks should either do what is in the best
>interest of Gambians and themselves, or leave the country. "There is no
>compromise with regard to the economic measures we are taking. I know that
>certain banks are selling the dollar at D25, others at D27, and then others
>still selling at D33.  That is unacceptable," he said.
>He reaffirmed that 'Operation No Compromise' will be a relentless
>operation.
>"That is what I have decided to do because I have given Gambian officials
>one year to do something and they did not do anything. Now that I have
>taken
>full charge of everything, there is no compromise and nobody will come up
>with bogus economic principles that are non-existent anywhere in the world.
>Nobody can fool me in economics because economics is common sense," he
>noted.
>"The banking institution is supposed to be a tertiary institution where all
>businessmen have a level playing field.  If the banks do not level the
>playing field, some businesses will operate to the detriment of others,
>which is unacceptable.  They [bankers] must level the playing field," he
>said.
>President Jammeh said that his 'electric broom' will not spare anybody and
>called on the banks to regulate themselves before he regulates them. "Let
>them not try to scare us by economic formulae that do not exist anywhere in
>the world.  'Operation No Compromise' has not ended. I know what is going
>on
>in the banks. They have different rates and there are unscrupulous people
>in
>the banks who set their own rates to make more money without the bank
>administration knowing it," he said.
>
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