Understanding the Gambian Dalasi and Its History

The Gambian Dalasi is the official currency of The Gambia, a small country in West Africa.

Introduced in 1971, the Dalasi replaced the Gambian pound.

The Dalasi is divided into 100 bututs, the smallest unit of Gambian currency.

The Gambian dalasi has a variety of denominations, both in coins and banknotes.

Coins come in six denominations: 1, 5, 10, 25, and 50 bututs, and 1 dalasi.

The smaller denominations of bututs have little value due to steep inflation, which is why they haven't been re-issued since 1998.

Banknotes, on the other hand, come in seven denominations: 5, 10, 20, 25, 50, 100, and 200 dalasis.

You can find banknotes from several different issues, including a 2015 series and an earlier printing dating back to 2006.

The Central Bank of The Gambia issues both coins and banknotes, and they can be found in the capital city of Banjul.

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The Gambian dalasi is a unique currency with a rich history. The word "dalasi" comes from the Wolof language, with some linguists speculating it's related to the French 5-franc coin.

The dalasi is also associated with the word "butut", which means "something small" in Wolof. This term wasn't used to refer to money until 1972.

The currency code for the dalasi is GMD, which is essential to know when looking up exchange rates.

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The dalasi, Gambia's official currency, is a unique and fascinating aspect of the country's economy. It's a decimal currency, with 1 dalasi consisting of 100 bututs.

The word "dalasi" is believed to come from the Wolof language, where the French 5-franc coin was referred to as "dala." This linguistic connection highlights the complex history of currency in West Africa.

Gambia's currency code is GMD, which is essential to know when converting the dalasi to other currencies, such as the US dollar. You can use an online currency converter or your favorite money transfer app to find the real-time exchange rate.

The dalasi was introduced in 1971, replacing the Gambian pound, which had denominations of 20 shillings to a pound and 12 pence to a shilling. This change marked a significant transformation in Gambia's economy.

As of February 2, 2025, the best GMD to USD exchange rate is 0.01379 USD, meaning that for every Gambian Dalasi you exchange, you will receive 0.01379 US Dollars.

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The dalasi is a free-floating currency, which means its value can fluctuate greatly depending on various factors.

This can be a bit tricky for travelers, as the exchange rate may not always be the same when converting 1 USD into Gambian currency.

In Gambia, the dalasi's value is directly tied to the strength of the country's economy, making it a currency that's heavily influenced by global market trends.

For example, if Gambia's economy is doing well, the value of the dalasi may increase, making it a good time to exchange your money.

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The Gambian dalasi is a free-floating currency, which means its value can fluctuate depending on the strength of Gambia's economy and world currency markets.

You'll need to use the currency code GMD when looking up the exchange rate for the Gambian dalasi. This allows you to compare the exchange rate for 1 GMD vs. other world currencies.

Converting and using the dalasi can be a bit tricky, especially since Gambia's economy is cash-based. You'll likely need to carry cash and exchange money as you go, and vendors near the border with Senegal may accept CFA francs.

The US dollar is currently stronger than the Gambian dalasi, with 1 USD equal to 72.500 GMD. The exchange rate can fluctuate rapidly, so it's essential to stay up-to-date.

Here are some key exchange rates to keep in mind:

The Gambian dalasi has decreased -0.70% year-to-date against the US dollar and has declined -45.73% over the past 10 years. This means the Gambian dalasi has lost purchasing power compared to the US dollar over the last decade.

You can convert Gambian dalasis to US dollars at any time, but the best time to do so is between 3-4 PM GMT when currency market liquidity and trading volume tend to be the highest.

The Gambian dalasi is a free-floating currency, meaning its value fluctuates depending on the strength of Gambia's economy and world currency markets.

The highest GMD to USD exchange rate in the last year was 0.01486 US Dollars per Gambian Dalasi on February 22, 2024.

You can check the exchange rate for a particular year by clicking on one of the links below, such as 2025, 2024, or 2023.

The highest GMD to USD exchange rate in the last 10 years was on March 2, 2016, when each Gambian Dalasi was worth 0.02551 US Dollars.

The GMD to USD exchange rate peaked at 0.01418 and dipped to a low of 0.01370 over the last 30 days, averaging 0.01391. The overall change in this period was -0.70%.

Here's a comparison of the GMD to USD exchange rate over the last 30 and 90 days:

The US Dollar is currently stronger than the Gambian Dalasi, as 1 USD is equal to 72.500 GMD.

You can convert Gambian Dalasis to US Dollars by checking the current exchange rate, such as 0.01379 USD per Gambian Dalasi as of February 2, 2025 04:00 AM UTC.

100 Gambian Dalasis is equivalent to 1.3793 US Dollars as of February 2, 2025 04:00 AM UTC.

The Gambian Dalasi has decreased -0.70% year-to-date against the US Dollar and declined -45.73% against the US Dollar over the past 10 years.

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The Gambian dalasi is a free-floating currency, which means its value can fluctuate depending on the strength of Gambia's economy and global market trends.

Its currency code is GMD, and if you're looking up the exchange rate, it's essential to use this code to compare it with other world currencies.

As of the latest data, the highest GMD to USD exchange rate in the last year was 0.01486 US Dollars per Gambian Dalasi on February 22, 2024.

The lowest GMD to USD exchange rate in the last year was 0.01370 US Dollars per Gambian Dalasi on January 22, 2025.

Here's a summary of the GMD to USD exchange rate over the last 30 days:

As you can see, the GMD to USD exchange rate has been relatively stable over the last 30 days, with a high of 0.01418 and a low of 0.01370.

The Gambian dalasi has a unique currency code, GMD, which you can use to compare its exchange rate with other world currencies. This allows you to easily find the real-time exchange rate using an online currency converter or your favorite money transfer app.

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The dalasi has a rich history in the Gambian economy, dating back to 1912 when the British colonial government monetized the economy by creating the West African Currency Board. The people of Gambia previously had a barter economy based on items like cowrie shells and pieces of cloth.

One dalasi is composed of 100 bututs, and the word dalasi originates from the West African French dala 5-franc coin, which is derived from the English "dollar".

Gambia's currency has a unique history that reflects its colonial past. The British colonial government monetized Gambia's economy in 1912 by creating the West African Currency Board (WACB).

The country's people had a barter economy based on items like cowrie shells, manilas, salt, and pieces of cloth. The British government brought the British pound with them, replacing this traditional system.

Gambia gained its independence in 1965 and replaced the British West African pound with the Gambian pound. The Gambian pound retained the same denominations as its predecessor: 20 shillings to a pound and 12 pence to a shilling.

The dalasi was introduced in 1971, transforming the economy into a decimal currency. One dalasi consists of 100 bututs, and during the transitional period, one Gambian pound equaled 5 dalasis.

Gambia briefly introduced its own version of the pound before switching over to the dalasi in 1971. It never joined the West African Economic and Monetary Union (WAEMU) and maintains its own independent currency to this day.

The dalasi replaced the Gambian pound in 1971, marking a significant change in the country's economy. The dalasi's value is now pegged to the US dollar, with 1 GMD being worth roughly $0.02 as of August 2020.

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The currency code for a particular currency is a unique identifier that helps you compare its exchange rate with other currencies. The currency code for the Gambian dalasi is GMD.

To find the real-time exchange rate for the GMD, you can use an online currency converter or your favorite money transfer app.

Using the correct currency code is essential when looking up the exchange rate for a specific currency.