Convert Gibraltar Pound to Egyptian Pound
Please provide values below to convert Gibraltar Pound [GIP] to Egyptian Pound [EGP], or Convert Egyptian Pound to Gibraltar Pound.
How to Convert Gibraltar Pound to Egyptian Pound
1 GIP = 0.0150855042222295 EGP
Example: convert 15 GIP to EGP:
15 GIP = 15 × 0.0150855042222295 EGP = 0.226282563333442 EGP
Gibraltar Pound to Egyptian Pound 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.
Egyptian Pound
The Egyptian Pound (EGP) is the official currency of Egypt, used for all monetary transactions within the country.
History/Origin
The Egyptian Pound was introduced in 1898, replacing the Egyptian piastre, and has undergone various reforms and decimalization over the years to modernize the currency system.
Current Use
Today, the Egyptian Pound is the primary currency in Egypt, issued and regulated by the Central Bank of Egypt, and is used in everyday transactions, banking, and trade.