Convert Gibraltar Pound to United Arab Emirates Dirham
Please provide values below to convert Gibraltar Pound [GIP] to United Arab Emirates Dirham [AED], or Convert United Arab Emirates Dirham to Gibraltar Pound.
How to Convert Gibraltar Pound to United Arab Emirates Dirham
1 GIP = 0.201579305650102 AED
Example: convert 15 GIP to AED:
15 GIP = 15 × 0.201579305650102 AED = 3.02368958475153 AED
Gibraltar Pound to United Arab Emirates Dirham Conversion Table
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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.
United Arab Emirates Dirham
The United Arab Emirates Dirham (AED) is the official currency of the United Arab Emirates, used for all monetary transactions within the country.
History/Origin
The AED was introduced in 1973, replacing the Qatar and Dubai riyal at par, to unify the various currencies used in the emirates and establish a national monetary system.
Current Use
The AED is widely used across the UAE for everyday transactions, banking, and international trade, and is recognized as a stable and reliable currency in the region.