Thepound (symbol:£) was the currency ofThe Gambia between 1965 and 1971. Gambia used theBritish West African pound until it issued its own currency on October 5, 1964. In 1971, thedalasi replaced the pound at a rate of £1 = D5 (or D1 = 4/–). 1 pound was made up of 20 shillings (symbol: "s" or "/–"), each shilling consisting of 12 pence (symbol: "d", fordenarius).
When the Gambia was granted internal self-government in October 1963, rather than being a constituent colony ofBritish West Africa, theWest African Currency Board ordered that the Gambian pound should replace the British West African pound in the colony, and an order for unique 10/-, £1 and £5 banknotes was lodged with British banknote printerBradbury Wilkinson & Co. Ltd. The new notes were issued within four days of the new currency ordinance under the oversight of The Gambia Currency Board, which came into effect on 1 October 1964.[1]
The Gambia Currency Board issued the Gambia's first coinage, struck by theRoyal Mint, to replace the British West African coins, on 21 November 1966. The values remained the same although the1⁄10d and1⁄2d coins were not issued, whilst a 4/– piece went into circulation. An 8/– coin was subsequently struck in 1970.
The Central Bank of the Gambia took over assets and liabilities of the Gambia Currency Board in 1971, and a new decimal currency was introduced to replace the Gambian pound. The new currency was named the dalasi (symbol: "D") with D1 being subdivided into 100 bututs. Again, the coins were minted by the Royal Mint and the notes were printed by Bradbury Wilkinson & Co. Ltd.[1]
Coins were introduced by the Gambia Currency Board on 18 February 1966 and these were minted by theRoyal Mint[1] in denominations of 1d, 3d and 6d, 1/–, 2/– and 4/–, with 8/– added in 1970. All coins hadQueen Elizabeth II's portrait on theobverse.[2]
| Value | Date | Composition | Reverse |
|---|---|---|---|
| 1d | 1966 | Bronze | Native sailing boat |
| 3d | 1966 | Aluminium bronze | Double-spurred spurfowl |
| 6d | 1966 | Cupronickel | Threepeanuts |
| 1/– | 1966 | Cupronickel | Oil palm |
| 2/– | 1966 | Cupronickel | African domesticox |
| 4/– | 1966 | Cupronickel | Slender-snoutedcrocodile |
| 8/– | 1970 | Cupronickel | Hippopotamus |
The Gambian 8/– coin is the only coin of this denomination ever minted. With the exception of the Hippopotamus, the reverse designs of the pre-decimal coins were reused on the new dalasi coins.[2]
On October 5, 1964, new banknotes were introduced by the Gambia Currency Board in denominations of 10/–, £1 and £5. All notes had a sailing boat with a forest background on the obverse and were produced until 1970.[3]
| Value | Colour | Reverse |
|---|---|---|
| 10/– | Green | Natives tending theircrops |
| £1 | Red | Labourers working at awharf |
| £5 | Blue | People using hand powered machinery |
