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LOCAL CURRENCY IN GAMBIA

Need to know waht is the local currency in Gambia? The money used in Gambia is called Dalasi.

The Gambian Dalasi is issued and managed by the Central Bank of The Gambia. To find out the current currency exchange rates for Dalasi to other major currencies of the world, click on foreign currency rates.

Gambian Currency Information
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The currency used in Gambia is called as the Dalasi. This currency is denoted with the currency sign D and the ISO 4217 Code for the Gambian Dalasi is GMD. The Dalasi, is the official currency of the Gambia . It is divided into 100 smaller units called butut.

The constitution of Gambia provides that the Gambia government shall have the power to print the Gambian Dalasi and butut coins to be used as a legal tender in Gambia. The Gambian Dalasi bank notes and Butut coins are both designated as "legal tender" in payment of debts.

The Gambian Dalasi bill uses the decimal system, consisting of 100 equal units.

The symbol D, usually written before the numerical amount, is used for the Gambian Dalasi.

Currently printed bank notes denominations are 5, 10, 25, 50, 100 dalasis and the coins are minted in the denominations of 1, 5, 10, 25, 50 bututs, 1 dalasi .

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The Effect of Balance of Trade and Investment on the Value of Gambian Dalasi
Financial analysts regularly cite the balance of trade and investment in Gambia as the most important influence on the value of the Dalasi. The difference between what the Gambia exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Dalasi exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Dalasi exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Gambian Dalasi.
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