Gambian dalasi

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Gambian dalasi
Gambia-billet-monedes.jpg
25 dalasi note and coins from 5 bututs to 1 dalasi
ISO 4217
CodeGMD
Denominations
Superunit
 5pound
Subunit
 1/100butut
Pluraldalasis or dalasi
 bututbututs
SymbolD
Banknotes5, 10, 20, 25, 50, 100, 200 dalasis
Coins1, 5, 10, 25, 50 bututs, 1 dalasi
Demographics
User(s) The Gambia
Issuance
Central bankCentral Bank of The Gambia
 Websitewww.cbg.gm
Valuation
Inflation6%
 SourceThe World Factbook, 2013 est.

The dalasi is the currency of the Gambia that was adopted in 1971. It is subdivided into 100 bututs. It replaced the Gambian pound at a rate of 1 pound = 5 dalasis, i.e. 1 dalasi = 0.2 pound = 4 shillings.

The name derives from dala, a nickname of the 5 French West African franc note, which in turn derived from "dollar"[1], while butut is from Wolof butuut, "small thing".[2]

As a result of inflation, now bututs coins have completely disappeared from circulation and the minimum monetary unit has become 1 dalasi.[citation needed]

Coins[edit]

See also; Coins of the Gambian dalasi

5, 10, 25, 50 bututs 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 were 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, Sir Dawda Jawara.

New 1 dalasi coins were introduced in 1987, modeled 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 their low value.

According to the situation for 2019, bututs coins have completely disappeared due to their low value, the minimum monetary unit has become 1 dalasi.[citation needed]

Banknotes[edit]

See also; Banknotes of the Gambian dalasi

Banknotes currently in circulation are 5, 10, 20, 25, 50, 100, and 200 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 their designs, paper thickness, and security features. Most noticeably, the old white borders have been removed, giving the notes full printing of its main colors. Furthermore, the 5 and 10 Dalasis are coated with a special varnish to extend circulation life. Finally, the security features of the 100 Dalasis 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.[3]

A polymer commemorative 20 Dalasis was put into circulation to commemorate 20 years of Progress and Self-Reliance under Yahya Jammeh's dictatorship.

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 the former President of the Gambia, Yahya Jammeh.[4]

In February 2018, a new series of banknotes believed to be a reprinting of the 2006-13 issues, but with a new signature combination, will be released as an interim measure to replace notes with the portrait of former President of the Gambia Yahya Jammeh. The notes bearing his image will be removed from circulation.[5]

A whole new series is being released during June 2019.[6]

Banknotes of the Gambian dalasi (2006-2014 "Full Printing" issues)
Image Value Main Color Description Date of issue
Obverse Reverse Obverse Reverse
5 Dalasis Red Giant kingfisher; Gambian girl Cattle 2006
10 Dalasis Green Sacred ibis; Gambian boy Central Bank of The Gambia headquarters, Banjul 2006
25 Dalasis Blue Carmine bee eater; Gambian man Government House, Banjul 2006
50 Dalasis Light purple Hoopoe birds; Gambian woman Wassu stone circles 2006
100 Dalasis Cyan Senegal parrot, older Gambian man Arch 22 monument, Banjul 2006
Banknotes of the Gambian dalasi (2015 "Yahya Jammeh" issue)
Image Value Main Color Description Date of issue
Obverse Reverse Obverse Reverse
5 Dalasis Red Giant kingfisher; President Sheikh Professor Alhaji Dr. Yahya Abdul-Aziz Jemus Junkung Jammeh (formerly Yahya Alphonse Jemus Jebulai Jammeh) Cattle 2015
10 Dalasis Green Sacred ibis; President Sheikh Professor Alhaji Dr. Yahya Abdul-Aziz Jemus Junkung Jammeh (formerly Yahya Alphonse Jemus Jebulai Jammeh) Central Bank of The Gambia headquarters, Banjul 2015
20 Dalasis Blue Carmine bee eater; President Sheikh Professor Alhaji Dr. Yahya Abdul-Aziz Jemus Junkung Jammeh (formerly Yahya Alphonse Jemus Jebulai Jammeh) Government House, Banjul 2015
50 Dalasis Light purple Hoopoe birds; President Sheikh Professor Alhaji Dr. Yahya Abdul-Aziz Jemus Junkung Jammeh (formerly Yahya Alphonse Jemus Jebulai Jammeh) Wassu stone circles 2015
100 Dalasis Cyan Senegal parrot, President Sheikh Professor Alhaji Dr. Yahya Abdul-Aziz Jemus Junkung Jammeh (formerly Yahya Alphonse Jemus Jebulai Jammeh) Arch 22 monument, Banjul 2015
200 Dalasis Light brown President Sheikh Professor Alhaji Dr. Yahya Abdul-Aziz Jemus Junkung Jammeh (formerly Yahya Alphonse Jemus Jebulai Jammeh) Banjul International Airport 2015
Banknotes of the Gambian dalasi (2019 "Birds" issues)
Image Value Main Color Description Date of issue
Obverse Reverse Obverse Reverse
5 Dalasis Red Giant kingfisher; Coat of arms of the Gambia Cattle 2019
10 Dalasis Green Birds; Coat of arms of the Gambia Ferry "Kinta Kinteh" 2019
20 Dalasis Blue Birds; Coat of arms of the Gambia Agricultural machine 2019
50 Dalasis Purple Birds; Coat of arms of the Gambia Wassu stone circles 2019
100 Dalasis Cyan Crowned cranes; Coat of arms of the Gambia Fishermen 2019
200 Dalasis Yellow Birds; Coat of arms of the Gambia Planting rice 2019

Commemorative banknotes[edit]

1 Dalasi (1978) - opening of the Central Bank of The Gambia's building in Banjul.

20 Dalasis (2014) - 20 Years of Progress and Self-Reliance under the dictatorship of Yahya Jammeh.

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

See also[edit]

References[edit]

  1. ^ "Definition of DALASI". www.merriam-webster.com.
  2. ^ "Definition of BUTUT". www.merriam-webster.com.
  3. ^ Linzmayer, Owen (2012). "Gambia". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.
  4. ^ Gambia new dalasi note family confirmed BanknoteNews.com. April 26, 2015. Retrieved on 2015-04-27.
  5. ^ "Central Bank to replace Jammeh's face on currency - The Point Newspaper, Banjul, The Gambia". thepoint.gm.
  6. ^ "Central Bank removes Jammeh's portrait on new dalasi notes — Gambiana". gambiana.com. Retrieved October 19, 2019.

External links[edit]