Convert Angolan Kwanza to Gibraltar Pound
Please provide values below to convert Angolan Kwanza [AOA] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Angolan Kwanza.
How to Convert Angolan Kwanza to Gibraltar Pound
1 AOA = 1242.06429825746 GIP
Example: convert 15 AOA to GIP:
15 AOA = 15 × 1242.06429825746 GIP = 18630.9644738619 GIP
Angolan Kwanza to Gibraltar Pound Conversion Table
| Angolan Kwanza | Gibraltar Pound |
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Angolan Kwanza
The Angolan Kwanza (AOA) is the official currency of Angola, used for all monetary transactions within the country.
History/Origin
The Kwanza was introduced in 1977, replacing the Angolan escudo after independence from Portugal. It has undergone several redenominations due to inflation and economic changes.
Current Use
The AOA is actively used as Angola's legal tender, with coins and banknotes circulating nationwide. It is managed by the National Bank of Angola.
Gibraltar Pound
The Gibraltar Pound (GIP) is the official currency of Gibraltar, pegged at par to the British Pound Sterling and used alongside it locally.
History/Origin
Introduced in 1934, the Gibraltar Pound replaced the Gibraltar Pound issued during the British colonial period. It has maintained a fixed exchange rate with the British Pound since its inception, with coins and banknotes issued specifically for Gibraltar.
Current Use
The Gibraltar Pound is widely used in Gibraltar for everyday transactions, alongside the British Pound Sterling. It is accepted locally and is also used in some border areas of Spain, with coins and banknotes issued by the Government of Gibraltar.