Gambia new currency

The Gambia's new currency is the Dalasi (GMD). It is the official currency of The Gambia, a country located in West Africa. The Dalasi is subdivided into 100 bututs.

Here are some key facts about the Gambia's currency:

  1. Introduction: The Dalasi was introduced in 1971, replacing the Gambian pound.
  2. Denominations: The Dalasi is available in the following denominations:
    • Coins: 1, 5, 10, 25, and 50 bututs
    • Banknotes: D10, D20, D50, D100, D200, D500, and D1,000
  3. Exchange rate: The exchange rate of the Dalasi is subject to fluctuations, but as of 2022, the exchange rate is approximately 1 USD = 45-50 GMD.
  4. Currency code: The currency code for the Dalasi is GMD.
  5. Reserve bank: The Central Bank of The Gambia is responsible for issuing and managing the country's currency.
  6. Security features: The banknotes feature various security features, including watermarks, holograms, and microprinting, to prevent counterfeiting.
  7. Acceptance: The Dalasi is widely accepted in The Gambia, but it's also possible to use foreign currencies, such as the US dollar, in some tourist areas and hotels.

It's worth noting that while the Dalasi is the official currency, some businesses, especially in tourist areas, may accept other currencies, such as the US dollar or the euro. However, it's still recommended to have some local currency, the Dalasi, for your trip to The Gambia.