Gambian pound these were minted by the Royal Mint in denominations of 1, 3 and 6 pence, 1, 2 and 4 shillings, with 8 shillings added in 1970. All coins had Queen Elizabeth II's portrait on the obverse. The 8 Shillings coin of the Gambia is the only example of this denomination ever minted. With the exception of the Hippopotamus, the reverse designs of the pre-decimal coins were reused on the Gambia's decimal coins. On October 5, 1964, new banknotes were introduced by the Gambia Currency Board in denominations of 10 shillings, 1 and 5 pounds. All notes had a sailing boat
Currency currency for each note of a foreign government held, as Ecuador currently does. Each currency typically has a main currency unit (the dollar, for example, or the euro) and a fractional unit, often defined as of the main unit: 100 cents = 1 dollar, 100 centimes = 1 franc, 100 pence = 1 pound, although units of or occasionally also occur. Some currencies do not have any smaller units at all, such as the Icelandic króna. Mauritania and Madagascar are the only remaining countries that do not use the decimal system; instead, the Mauritanian ouguiya is in theory divided into