Gambian Dalasi in Chinese Yuan Renminbi

GMD Gambian Dalasi

Country of application:
Gambia

Coin denominations in circulation:
1, 5, 10, 25, 50 bututs, 1 dalasi.

Denominations of banknotes in circulation:
5, 10, 20, 25, 50, 100, 200 dalasi.

History reference:
Dalasi is the currency of the Gambia. One dalasi is equal to 100 bututs. ISO 4217 code - GMD. Introduced in 1971, the GMD replaced the former Gambian pound currency. At that time, one pound was equal... to five dalasies. The currency is presented in the form of coins, also known as bututs, and minted by the Royal Mint. Bututs denomination - 1, 5, 10, 25 and 50

CNY Chinese Yuan Renminbi

Country of application:
PRC

Coin denominations in circulation:
1 yuan, 5, 2 and 1 jiao.

Denominations of banknotes in circulation:
100, 50, 20, 10, 5, 2 (rare) and 1 yuan, as well as 5, 2 and 1 jiao.

History reference:
The Chinese Yuan is the official currency of the Peoples Republic of China. Until the beginning of the 20th century, in China, for large-scale settlements, they used silver ingots - lyans. Small purc...hases were made using bronze round coins with a square hole in the center - qian, which Europeans call "keshi". Silver yuan began to be made in 1835. The use of silver coins and silver liang was banned in China in 1935. Instead, a boom in paper money began to grow - fabi. A certain easing in monetary policy occurred only in 2005, when the Chinese authorities carried out a revaluation of the yuan, raising its value by 2%. By 2008, the yuan appreciated by more than 20% to 6.82 yuan per US dollar. Nevertheless, even today, the PRC continues to enjoy certain foreign trade advantages, which are based on the undervalued exchange rate of the national currency.