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Payment in The Gambia started with Cowrie Shells, transitioning to brass or copper rods and metal tokens by the mid-19th century.
By 1880, French 5 Franc silver coins became widely used.
The African Banking Corporation was established in 1892 and succeeded by the Bank of British West Africa in 1894.
A Currency Board Committee formed in 1912 led to a uniform currency and the establishment of the West African Currency Board by 1915.
The first banknotes were introduced in 1917, including 2 shillings, 10 shillings, and £1 notes.
A £5 note was issued in 1919, withdrawn in 1923, and reissued in 1954.
Following self-government in 1963, new currency notes were issued in October 1964, with coinage introduced on Independence Day, February 18, 1965.
The Gambia decimalized its currency in 1971 (1 Dalasi = 100 Bututs) and produced a 10 Dalasi coin in 1975 to commemorate independence.
Read Full Article at: Evolution of Currency in The Gambia – Central Bank of The Gambia
