Gambian dalasi

Gambian dalasi

25 dalasi note and coins from 5 bututs to 1 dalasi
ISO 4217
Code GMD
Denominations
Subunit
 1/100 butut
Symbol D
Banknotes 5, 10, 20, 25, 50, 100, 200 dalasis
Coins 1, 5, 10, 25, 50 bututs, 1 dalasi
Demographics
User(s)  The Gambia
Issuance
Central bank Central Bank of the Gambia
 Website www.cbg.gm
Valuation
Inflation 6%
 Source The World Factbook, 2013 est.

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 dalasis, i.e., 1 dalasi = 0.2 pound = 4 shillings.

Coins

5, 10, 25, 50 butut coins

In 1971, coins in denominations of 1, 5, 10, 25 and 50 bututs and 1 dalasi were introduced. The 1 and 5 bututs were struck in bronze while the 10 bututs was brass and the 25, 50 bututs and 1 dalasi were cupro-nickel. 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. All coins of this series depict former president, Dawda Jawara.

New 1 dalasi coins were introduced in 1987, modelled on the 50 pence coin of the United Kingdom. These replaced the larger, round dalasi coins which never saw its widespread use as the lower denominations.

In 1998, a new coin series was introduced, in which the effigy of Dawda Jawara was dropped and replaced with the national coat of arms on the obverses. However, older Jawara era coins still commonly circulate as legal tender. The 1 dalasi coin was also downsized in size and weight, but none of the other coins were changed. 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 but have since disappeared due to low valuation.

Banknotes

Banknotes currently in circulation are 5, 10, 25, 50 & 100 dalasis. 1 dalasi notes were issued between 1971 and 1987. Current banknotes were first issued on 27 July 1996, then reprinted in 2001. On 27 July 2006, the Central Bank of the Gambia issued a new series of notes with images similar to the preceding issues, but with improvements in the design, paper thickness, and security features. Most noticeably, the old white borders have been removed. Furthermore, the 5- and 10-dalasi are coated with a special varnish to extend circulation life. Finally, the security features of the 100-dalasi have been upgraded by the inclusion of a silver foil on the front of the note with the image of 100 embossed into the foil.[1]

On April 15, 2015, the Central Bank of the Gambia released a new family of banknotes that includes two new denominations, a 20-dalasis note to replace the 25-dalasis note and a 200-dalasis note, twice the value of the previously highest denomination. All of the notes feature a portrait of former Gambian president Yahya Jammeh.[2]

Current GMD exchange rates
From Google Finance: AUD CAD CHF EUR GBP HKD JPY USD INR CNY
From Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD INR CNY
From XE: AUD CAD CHF EUR GBP HKD JPY USD INR CNY
From OANDA: AUD CAD CHF EUR GBP HKD JPY USD INR CNY
From fxtop.com: AUD CAD CHF EUR GBP HKD JPY USD INR CNY

See also

References

  1. ↑ Linzmayer, Owen (2012). "Gambia". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.
  2. ↑ Gambia new dalasi note family confirmed BanknoteNews.com. April 26, 2015. Retrieved on 2015-04-27.

External links

This article is issued from Wikipedia - version of the 12/4/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.