The Central Bank of Nigeria (CBN) has agreed in principle to mint The Gambian Dalasi.
The CBN Governor, Mr. Godwin Emefiele, agreed to a currency minting proposal from the Governor of Central Bank of The Gambia, Mr. Buah Saidy, who led a delegation to his office on Tuesday.
Mr Emefiele said Nigeria has a lot of capacity in currency printing as the country has been minting since the 1960s and “we are willing to assist in printing your currency. We can be extremely competitive in terms of cost,” he said.
The Gambian Central Bank Governor said his country is running very low on currency and wants to learn how to manage their currency need annually by leveraging Nigeria’s wealth of knowledge and experience.
He said, they have placed a two-year order for currency minting deal abroad but that they are also considering minting from Nigeria.
The Nigerian Security Printing and Minting Company said it is ready to commence printing as soon as both parties agree to a deal.