Gambian dalasi
From Wikipedia, the free encyclopedia
| Gambian dalasi | |||
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| ISO 4217 Code | GMD | ||
|---|---|---|---|
| User(s) | The Gambia | ||
| Inflation | 14% | ||
| Source | The World Factbook, 2006 est. | ||
| Subunit | |||
| 1/100 | butut | ||
| Symbol | D | ||
| Coins | 1, 5, 10, 25, 50 bututs, 1 dalasi | ||
| Banknotes | 5, 10, 25, 50, and 100 dalasis | ||
| Central bank | Central Bank of The Gambia | ||
| Website | www.cbg.gm | ||
The dalasi is the currency of the Gambia. It is subdivided into 100 bututs. The dalasi was adopted in 1971. It replaced the Gambian pound at a rate of 1 pound = 5 dalasi, i.e., 1 dalasi = 0.2 pound = 4 shillings.
Contents |
[edit] Coins
In 1971, coins in denominations of 1, 5, 10, 25 and 50 bututs and 1 dalasi were introduced. The reverse designs of the three higher denominations were taken from the corresponding denominations of the previous currency (1, 2 and 4 shillings), with the reverse designs for the lower three coins coming from the 6, 1 and 3 pence coins, respectively.
New 1 dalasi coins were introduced in 1987, modelled on the 50 pence coin of the United Kingdom.
Only 25 and 50 bututs and 1 dalasi coins are currently in circulation, they are of the 1998 issue which also included 1, 5 and 10 bututs coins.
[edit] Banknotes
Banknotes currently in circulation are 5, 10, 25, 50, and 100 dalasis. 1 dalasi notes were issued between 1971 and 1987. Current banknotes were issued in 1996 and reprinted in 2001.
On July 27, 2006 new banknotes were issued with similar designs but with security upgrades [1].
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