BANKING AFFAIRS

Detailed explanation-1: -The Gambian dalasi (GMD) is the official currency of the Republic of Gambia. The dalasi replaced the Gambian and West African pound in 1971, at a rate of 5:1 at time of conversion. The GMD is issued by the Bank of Gambia and floats freely against other world currencies.

Detailed explanation-2: -The dalasi is an official national currency and used only in the Gambia. 1 dalasi is devided into 100 Bututs.

Detailed explanation-3: -The Gambian Dalasi is the currency of Gambia. Our currency rankings show that the most popular Gambian Dalasi exchange rate is the GMD to USD rate. The currency code for Dalasis is GMD, and the currency symbol is D.

Detailed explanation-4: -Dalasi (GMD), pronounced da-la-si There are also no restrictions on the transfer of funds into and outside of The Gambia as long as it is within the financial system. Commercial Banks are allowed to make foreign exchange available for all transactions without reference to the central Bank.