Dalasi meaning

Dalasi definitions

Dalasi is the official currency of The Gambia, a country located in West Africa. Introduced in 1971 to replace the Gambian pound, the dalasi is abbreviated as GMD and is subdivided into 100 bututs.

History

The name "dalasi" is derived from the word "dollar," as the currency was initially pegged to the US dollar. However, The Gambia adopted a floating exchange rate system in the early 1980s, leading to fluctuations in the value of the dalasi.

Design

The dalasi banknotes feature images of prominent Gambian figures, historical landmarks, and native wildlife. The coins, on the other hand, are issued in denominations of 1, 5, 10, 25, and 50 bututs, as well as 1 dalasi.

Exchange Rate

As of [Current Date], the exchange rate of the dalasi stands at [Exchange Rate] against the US dollar. The value of the dalasi is influenced by various factors, including interest rates, inflation, and political stability in The Gambia.

Overall, the dalasi plays a crucial role in the Gambian economy, facilitating trade and financial transactions within the country. While the currency has faced challenges over the years, efforts are ongoing to maintain its stability and ensure its continued use as a reliable medium of exchange.

Dalasi Examples

1. I paid for my meal with Gambian dalasi.
2. The exchange rate for euro to dalasi is favorable.
3. She received a large sum of dalasi as a wedding gift.
4. The local market only accepts dalasi for purchases.
5. Tourists often convert their currency to dalasi for shopping.
6. The school fees can be paid in dalasi or in foreign currency.
7. His salary is deposited in dalasi to his bank account.
8. The donation was made in dalasi to support the charity.
9. The price was quoted in dalasi for the new furniture set.
10. They had to exchange dalasi for dollars before traveling abroad.

Most accessed