Convert Gibraltar Pound to Azerbaijani Manat
Please provide values below to convert Gibraltar Pound [GIP] to Azerbaijani Manat [AZN], or Convert Azerbaijani Manat to Gibraltar Pound.
How to Convert Gibraltar Pound to Azerbaijani Manat
1 GIP = 0.435342546309909 AZN
Example: convert 15 GIP to AZN:
15 GIP = 15 × 0.435342546309909 AZN = 6.53013819464863 AZN
Gibraltar Pound to Azerbaijani Manat Conversion Table
| Gibraltar Pound | Azerbaijani Manat |
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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.
Azerbaijani Manat
The Azerbaijani Manat (AZN) is the official currency of Azerbaijan, used for all monetary transactions within the country.
History/Origin
The Azerbaijani Manat was introduced in 1992, replacing the Soviet ruble, and has undergone several redenominations, with the current version introduced in 2006 to stabilize the economy and control inflation.
Current Use
Today, the AZN is widely used in Azerbaijan for everyday transactions, banking, and trade, and is considered a stable currency within the region.