17/04/2024
Hello my dear followers,
I hope this message finds you well. Today, I want to shed some light on a very important financial concept that many of us may not be aware of - the cash ratio and its role in controlling monetary policy.
The cash ratio is a tool used by governments to regulate the amount of money in circulation. When there is too much money flowing in the economy, it can lead to inflation and a decrease in the value of our currency. On the other hand, when there is not enough money in circulation, it can hinder economic growth and prosperity.
Currently, we are facing a situation where there is an excess of money in circulation and we are spending more and more each day. This can have negative consequences on the overall economy and the value of our currency.
To address this issue, the government can increase the cash ratio, which would make it harder for us to access money and therefore reduce our spending. Conversely, if there is a shortage of money in circulation, the government can reduce the cash ratio to stimulate spending and boost economic activity.
It is important for us to be aware of these financial mechanisms and how they can impact our everyday lives. By understanding the role of the cash ratio in controlling monetary policy, we can work towards a more stable and prosperous economy for our country.
Let's all come together and work towards addressing the issues of excess money in circulation. Together, we can make a positive impact on the value of our currency and the overall economic well-being of our beloved Gambia.
Thank you for taking the time to read this message and for your continued support. Let's strive for a brighter financial future together.
Sincerely,
Mr Ousman Laye....