Convert Gibraltar Pound to Albanian Lek
Please provide values below to convert Gibraltar Pound [GIP] to Albanian Lek [ALL], or Convert Albanian Lek to Gibraltar Pound.
How to Convert Gibraltar Pound to Albanian Lek
1 GIP = 0.00887689261993638 ALL
Example: convert 15 GIP to ALL:
15 GIP = 15 × 0.00887689261993638 ALL = 0.133153389299046 ALL
Gibraltar Pound to Albanian Lek Conversion Table
| Gibraltar Pound | Albanian Lek |
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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.
Albanian Lek
The Albanian Lek (ALL) is the official currency of Albania, used for everyday transactions and financial exchanges within the country.
History/Origin
The Albanian Lek was introduced in 1926, replacing the Albanian franc, and has undergone several reforms, with the current version issued since 1992 to stabilize the economy after the fall of communism.
Current Use
The Albanian Lek is actively used as the primary currency in Albania for all forms of payment, banking, and financial transactions.