The pound was the currency of the Gambia between 1907 and 1971. Gambia used the British West African pound until it issued its own currency on October 5, 1964. In 1971, the dalasi replaced the pound at a rate of 1 pound = 5 dalasi, i.e., 1 dalasi = 4 shillings.
The 8 shilling coin of Gambia is the only example of this denomination ever minted. With the exception of the Hippopotamus, the reverse designs of the pre-decimal coins were reused on Gambia's decimal coins.
On October 5, 1964, banknotes were introduced by the Gambia Currency Board in denominations of 10 shillings, 1 and 5 pounds. All notes had a sailing boat with a forest background on the obverse and were produced until 1970.