11/01/2021: New polymer banknotes
Polymer banknotes are introduced in The Gambia for the first time, replacing the previous paper banknotes to enhance durability and security.
20/03/2020: Impact of COVID-19 Pandemic
The outbreak of the COVID-19 pandemic resulted in a significant decline in oil prices, affecting Nigeria's economy and putting pressure on the Naira's exchange rate.
06/08/2019: New family of banknotes
The Central Bank of The Gambia introduces a new family of Gambian dalasi banknotes with improved security features.
20/06/2016: Adoption of Flexible Exchange Rate Policy
The Central Bank of Nigeria adopted a flexible exchange rate policy, allowing the Naira to float freely against other currencies based on market forces.
29/05/1999: Transition to Democratic Governance
Nigeria transitioned to democratic governance, leading to economic reforms and stability, positively affecting the value and management of the Naira currency.
16/06/1997: Introduction of the 25 dalasis note
A new 25-dalasis banknote is introduced, featuring the portrait of President Jammeh, to commemorate 25 years of his rule.
22/07/1996: Change of banknotes and coins
New banknotes and coins featuring the portrait of President Jammeh are introduced, replacing the previous designs.
12/06/1993: Introduction of the Third Nigerian Naira
The third Nigerian Naira (NGN) was introduced after the country's return to civilian rule following years of military regimes.
02/07/1987: Currency redenomination
The Gambian dalasi undergoes a redenomination, with 1 old dalasi being replaced by 10 new dalasis.
31/12/1984: Implementation of the Structural Adjustment Program
The Nigerian government implemented the Structural Adjustment Program, leading to a significant devaluation of the Naira and the adoption of a floating exchange rate.
01/07/1979: Adoption of the Second Nigerian Naira
The second Nigerian Naira (NGN) was introduced following the adoption of a new constitution and the country's transition to civilian rule.
01/07/1977: Conversion to decimal currency
The Gambian dalasi is decimalized, with 1 dalasi being divided into 100 bututs.
01/07/1973: Introduction of decimal currency
The Nigerian Naira was introduced as the official currency of Nigeria, replacing the pound sterling with a decimal currency system.
27/07/1971: Introduction of the Gambian dalasi
The Gambian dalasi currency is introduced to replace the Gambian pound as the official currency of The Gambia.