GMDGambian DalasiGambian Dalasi (GMD)
The dalasi is The Gambia's national currency and is used for local prices, wages, public accounts and domestic payments.
- ISO code
- GMD
- Symbol
- D
- Region
- Africa
- Currency type
- Fiat currency
- Exchange system
- GMD operates under The Gambia's national monetary and foreign-exchange framework.
- Last reviewed
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Quick facts
GMD at a glance
Currency profile
How GMD works
The dalasi is The Gambia's national currency and is used for local prices, wages, public accounts and domestic payments.
The Central Bank of The Gambia issues GMD. One dalasi is divided into 100 bututs within the national decimal currency system.
- The dalasi was introduced in 1971 to replace the Gambian pound.
- GMD is a distinct West African national currency rather than part of the neighboring CFA franc area.
Context
Why this currency matters
The Gambia is geographically surrounded by Senegal apart from its Atlantic coast, yet GMD is separate from Senegal's XOF currency. The distinction is important for land-border commerce, visitor spending and remittances. The dalasi's 1971 decimal reform also separates modern amounts from the earlier pound-based system.
Monetary framework
Exchange arrangement
GMD operates under The Gambia's national monetary and foreign-exchange framework.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for GMD
Dalasi introduced
The Gambia replaced the pound with a decimal dalasi-and-butut currency.
Central Bank of The GambiaCentral bank assumed issuance
The Central Bank of The Gambia became responsible for the new national currency framework.
Central Bank of The GambiaIndependent national unit maintained
GMD remains separate from the West African CFA franc used in neighboring Senegal.
Central Bank of The Gambia
Usage and economy
How GMD is used
- Dalasis denominate retail prices, salaries, taxes and local bank accounts in The Gambia.
- XOF, GNF, CVE and EUR provide useful regional and visitor comparisons.
Banknotes and coins
GMD currency units
Central Bank of The Gambia is the authoritative source for the current GMD banknote framework.
Central Bank of The Gambia is the authoritative source for the current GMD coin framework.
One Gambian Dalasi unit is recorded with 2 decimal places and uses Butut as its minor unit.
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Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
GMD questions
What did the dalasi replace?
The dalasi replaced the Gambian pound in 1971.
How many bututs are in one dalasi?
One dalasi is divided into 100 bututs.
Does The Gambia use the CFA franc?
No. The Gambia uses GMD, while neighboring Senegal uses the West African CFA franc, XOF.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.