Timeline

• 30.09.1843
• Proclamation [Order in Council] of a colonial ordinance for Sierra Leone of 10.06.1843 on the rating of foreign trade coins; effective immediately:
  - Spanish Dollar (8 Spanish Real in silver) at 50 Pence Sterling
  - Spanish doubloon (8 Spanish Escudos in gold) at 64 Shillings Sterling
  - Demonetization of all cut Spanish trade coins until end November 1843
• 13.11.1852
• Proclamation [Order in Council] of a colonial ordinance for Sierra Leone of 30.06.1852 on the rating of foreign trade coins; effective immediately:
  - 10 US Dollars (in gold) at 41 Shillings Sterling
  - 5 French Francs (in silver) at 46½ Pence Sterling (extended to Belgian, Italian, and Swiss coins of the same size by proclamation of 05.01.1875).
• 03.02.1898
• Ordinance [Order in Council], declares the British Coinage Acts, 1870 & 1891 in force; effective 29.04.1898
• 07.05.1913
• Ordinance [Sierra Leone and Gambia Coinage Order] on the adoption of the British West African currency; effective 26.06.1913:
  - Gambia: silver coins of 5 French Francs remained current at 46½ British West African Pence.
• 11.10.1921
• Ordinance [Gambia Coinage Order] on the demonetization of the silver coins of 5 French Francs and exchange at the official rate (since the Franc had been devalued in 1920 the exchange created a loss for the government that amounted to one year's colonial revenue); effective 31.01.1922

Timeline

• 13.05.1964
• Ordinance [Gambia Currency Ordinance, No. 15] on the establishment of a currency board and creation of a national currency; effective 01.10.1964
• 01.10.1964
• Start of currency exchange:
  - 01.10.1964: Start of issuance of the new banknotes
  - 21.11.1966: Start of issuance of the new coins
  - 30.05.1968: End of exchange period, demonetization of the West African currency.

Valuation Regimes

• 1964-1971
• Fixed rate against British Pound

Timeline

• ??.02.1971
• Law [Central Bank of The Gambia Act] on the establishment of a central bank and the decimalization of the currency; effective 01.03.1971
• 01.03.1971
• Start of currency exchange:
  - 01.03.1971: Start of issuance of the new banknotes and coins
  - ??.??.????: End of exchange period, demonetization of the previous currency.

Valuation Regimes

• 1971-1986
• Fixed rate against British Pound
• 1986-
• Variable rate