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Gambia 50 Bututs 2008

Started by andyg, January 20, 2010, 01:09:45 AM

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andyg

New date I believe?

The first issue since 1998.

Figleaf

A quick check in the CIA factbook confirms that the country is one of the poorest on earth, that it has a decent growth rate (5-6%), inflation running slightly below growth. It is therefore no wonder that the Dalasi has been appreciating versus te USD: dalasis (GMD) per US dollar - 22.75 (2008 est.), 27.79 (2007), 28.066 (2006), 28.575 (2005), 30.03 (2004). In those circumstances, you'd expect a return of the higher value coins.

Unfortunately, this is bad news for the Gambia. It already runs a large trade deficit and an appreciating currency means that its exports (mainly groundnuts) will look more expensive in USD terms. Inflation will come down, but at the expense of higher unemployment, when unemployment and underemployment are already the country's major problem.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

andyg

#2
Wolfgang Schuster tells me that both 50 Bututs and 1 Dalasi 2008 are made of plated steel instead of copper-nickel - so both new types.
always willing to trade modern UK coins for modern coins from elsewhere....