Pound Sterling to Gambian Dalasi — exchange rate

Country of Circulation: United Kingdom, Guernsey, Isle of Man, Jersey

Currency Code, Symbol: GBP, £

Denominations of coins in circulation: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Denominations of banknotes in circulation: £1, £5, £10, £20, £50, £100

History: The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.Read More

Country of Circulation: The Gambia

Currency Code, Symbol: GMD, D

Denominations of coins in circulation: 1, 5, 10, 25, 50 bututs, 1 dalasi

Denominations of banknotes in circulation: 5, 10, 20, 25, 50, 100, 200 dalasis

History: The Gambian dalasi (D) is a currency used on the territory of Gambia. It can often see it abbreviated to GMD. The Gambian dalasi can be exchanged to coins called bututs.Every GMD has 100 bututs. The currency has been issued since 1971 replacing the old currency – the West African pound sterling. The name “dalasi” comes from the name of the West African 5-pound sterling note. It was called “dala” which translated to “dollar”. The currency floats, and its rate is not connected to specific currencies of other states.Read More