# dalasi

> currency of the Gambia

**Wikidata**: [Q202885](https://www.wikidata.org/wiki/Q202885)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Gambian_dalasi)  
**Source**: https://4ort.xyz/entity/dalasi

## Summary
The dalasi is the official currency of The Gambia, a sovereign state in West Africa. Introduced in 1971, it replaced the Gambian pound and is managed by the Central Bank of The Gambia.

## Key Facts
- The dalasi is the currency of The Gambia, a country in West Africa.
- It was introduced in 1971, replacing the Gambian pound.
- The Central Bank of The Gambia, established in 1971, is responsible for managing the dalasi.
- The dalasi is also known as the Gambian dalasi or by its currency code, GMD.
- The Gambia gained independence in 1965, and the dalasi was adopted six years later.
- The headquarters of the Central Bank of The Gambia is located in Banjul, the capital city of The Gambia.
- The dalasi is classified as a currency, which is a generally accepted medium of exchange for goods or services.
- The Gambian pound was the currency of The Gambia between 1965 and 1971, before the dalasi was introduced.

## FAQs
**What is the dalasi?**
The dalasi is the official currency of The Gambia, introduced in 1971 to replace the Gambian pound.

**When was the dalasi introduced?**
The dalasi was introduced in 1971, six years after The Gambia gained independence in 1965.

**What was the currency of The Gambia before the dalasi?**
Before the dalasi, The Gambia used the Gambian pound as its currency from 1965 to 1971.

**Where is the Central Bank of The Gambia located?**
The Central Bank of The Gambia, which manages the dalasi, is headquartered in Banjul, the capital city of The Gambia.

## Why It Matters
The dalasi plays a crucial role in the economic stability and development of The Gambia. As the official currency, it facilitates trade, commerce, and financial transactions within the country. The introduction of the dalasi in 1971 marked a significant step in The Gambia's economic independence following its political independence in 1965. The Central Bank of The Gambia, established in the same year as the dalasi, ensures the stability and proper management of the currency, contributing to the overall economic health of the nation.

## Notable For
- Being the official currency of The Gambia since 1971.
- Replacing the Gambian pound, which was used from 1965 to 1971.
- Being managed by the Central Bank of The Gambia, established in 1971.
- Having its headquarters in Banjul, the capital city of The Gambia.

## Body
### History
The dalasi was introduced in 1971 as the official currency of The Gambia, replacing the Gambian pound. This change occurred six years after The Gambia gained independence in 1965. The introduction of the dalasi marked a significant milestone in the country's economic development and independence.

### Central Bank of The Gambia
The Central Bank of The Gambia, established in 1971, is responsible for managing the dalasi. The bank's headquarters is located in Banjul, the capital city of The Gambia. The Central Bank plays a crucial role in maintaining the stability and proper functioning of the dalasi, ensuring its effective use in trade and commerce.

### Currency Classification
The dalasi is classified as a currency, which is a generally accepted medium of exchange for goods or services. This classification highlights its importance in facilitating economic transactions within The Gambia.

### Predecessor Currency
Before the dalasi, The Gambia used the Gambian pound as its currency from 1965 to 1971. The transition from the Gambian pound to the dalasi was a significant step in the country's economic history, reflecting its growing independence and development.

### Geographic Context
The Gambia is a sovereign state in West Africa, with its capital city, Banjul, serving as the headquarters for the Central Bank of The Gambia. The country gained independence in 1965, and the introduction of the dalasi in 1971 further solidified its economic sovereignty.

## References

1. Freebase Data Dumps. 2013
2. GF WordNet