🇬🇲Dalasi (GMD)
The dalasi replaced the Gambian pound in 1971, several years after independence from Britain in 1965, giving The Gambia its own decimal currency separate from British and French colonial systems. The currency floats and its value is closely tied to the fortunes of the country's tourism sector and remittances, both major sources of foreign-currency inflow for the small West African nation.
GMD ⇄ USD Converter
History
The dalasi replaced the Gambian pound in 1971, several years after independence from Britain in 1965, giving The Gambia its own decimal currency separate from British and French colonial systems. The currency floats and its value is closely tied to the fortunes of the country's tourism sector and remittances, both major sources of foreign-currency inflow for the small West African nation.
Denominations
Dalasi banknotes commonly circulate in these denominations:
- 5, 10, 20 dalasi — common notes for everyday purchases
- 25, 50 dalasi — mid-value notes
- 100, 200 dalasi — higher-value notes
Frequently Asked Questions
What is the currency symbol for the dalasi?
The dalasi's symbol is D. Its ISO 4217 currency code is GMD, and it subdivides into 100 butut.
Is the dalasi pegged to another currency?
No, the dalasi floats freely, though its value is closely influenced by tourism revenue and remittance inflows, both major sources of foreign currency for The Gambia.
Why did The Gambia switch from the pound to the dalasi?
The Gambia introduced the dalasi in 1971 to establish its own independent decimal currency, moving away from the British-linked Gambian pound it had used since independence in 1965.
Where can I see rates for other African currencies?
Check the full currency directory on the African Currencies homepage, which covers all 54 African countries.