The dalasi is the currency of the Gambia. It is subdivided into 100 bututs. The dalasi was adopted in 1971. It replaced the Gambian pound at a rate of 1 pound = 5 dalasi, i.e., 1 dalasi = 0.2 pound = 4 shillings.
In 1971, coins in denominations of 1, 5, 10, 25 and 50 bututs and 1 dalasi were introduced. 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.
New 1 dalasi coins were introduced in 1987, modelled on the 50 pence coin of the United Kingdom.
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.
Banknotes currently in circulation are 5, 10, 25, 50 & 100 dalasis. 1 dalasi notes were issued between 1971 and 1987. Current banknotes were issued in 1996 and reprinted in 2001.
On July 27, 2006 new banknotes were issued with similar designs but with security upgrades .
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