Decimal Day Board. Consideration was given to introducing a new major unit of currency worth ten shillings in the old currency: suggested names included the "new pound", the "royal" and the "noble". This would have resulted in the "decimal penny" being worth only slightly more than the old penny (this approach was adopted, for example, when South Africa, Australia and New Zealand decimalised in the 1960s, adopting respectively the South African rand, Australian dollar and New Zealand dollar equal in value to 10 shillings). But Halsbury decided, in view of the pound sterling's importance as a reserve currency, that the pound should
Gambian pound 1/2 penny coins were not issued, whilst a 4 Shillings piece went into circulation. An 8 Shillings coin was subsequently struck in 1970. The Central Bank of The Gambia took over assets and liabilities of The Gambia Currency Board in 1971 and a new decimal currency was introduced to replace the Gambian pound. The new currency was the Dalasi with 1 dalasi being subdivided into 100 bututs. Again, the coins were minted by the Royal Mint and the notes were printed by Bradbury Wilkinson & Co. Ltd. Coins were introduced by The Gambia Currency Board on 18 February 1966 and