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MONEY
- The currency of The Gambia is the Dalasi (GMD).
- There are no restrictions on currency imports, although
you will almost always get a better rate of exchange if
you change your sterling, euros or dollars once you get
to The Gambia.
- You can change your money or travellers cheques at banks
(remember to take your passport or other form of i.d.),
bureaux de change and hotels.
- Bank opening hours vary, but the Standard Chartered Banks
open Monday - Friday 8.00 a.m. - 11 a.m. and 4.00 - 6.00
p.m. and 10.00 a.m. - 12 noon on Saturdays.
- Visa credit cards are becoming more widely accepted in hotels,
shops and restaurants but most will levy a surcharge.
- You can also use credit and debit cards to withdraw cash
(maximum of GMD 2,000 per transaction) at one of the
following Standard Chartered ATM's (known locally as a money grab machine):
Banjul, Senegambia (Kololi), Traffic Lights (new Kairaba Avenue branch), Westfield
Junction. Be aware though - the ATM's are prone to running out of money or temporarily
shutting down due to power cuts and, as you can not draw money on your
credit card across the counter at any of the banks, you should not rely on them entirely for your spending money
in The Gambia. Also MASTERCARD is no longer accepted here.
- For good rates of exchange, or if you get stuck financially whilst you
are out here, then Mr George (and his 'girls') of IG Financial Services in Bakau (next door
to the Romana Hotel) is very, very helpful. He can even help you to transfer
money from your own bank account to The Gambia far quicker than any of the
other banks out here - we know, some of our customers have had to do this!
- For the current rate of exchange select your currency and
Gambia Dalasi at http://www.oanda.com/convert/classic.
The typical cash rate of + 4% is what you should expect to get at any
Bureau De
Change in The Gambia.
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2003 - 2007 Hooked On Gambia