GMD meaning in Country Currency ?

Answer: 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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