GMD meaning in Country Currency ?

Country Currency Miscellaneous in Country Currency . 4 weeks ago

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What is Gambian Dalasi mean?

The dalasi is the currency of the Gambia that was adopted in 1971. It is subdivided into 100 bututs. It replaced the Gambian pound at a rate of 1 pound = 5 dalasis, i.e. 1 dalasi = 0.2 pound = 4 shillings.

The name derives from dala, a nickname of the 5 French West African franc note, which in turn derived from "dollar", while butut is from Wolof butuut, "small thing".

As a result of inflation, now bututs coins have completely disappeared from circulation and the minimum monetary unit has become 1 dalasi.

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Posted on 24 Nov 2024, this text provides information on Country Currency related to Miscellaneous in Country Currency. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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