Convert Gibraltar Pound to Georgian Lari
Please provide values below to convert Gibraltar Pound [GIP] to Georgian Lari [GEL], or Convert Georgian Lari to Gibraltar Pound.
How to Convert Gibraltar Pound to Georgian Lari
1 GIP = 0.273233926330553 GEL
Example: convert 15 GIP to GEL:
15 GIP = 15 × 0.273233926330553 GEL = 4.09850889495829 GEL
Gibraltar Pound to Georgian Lari 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.
Georgian Lari
The Georgian Lari (GEL) is the official currency of Georgia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Georgian Lari was introduced in 1995, replacing the Georgian coupon as the country's official currency, to stabilize the economy and establish a national monetary system.
Current Use
The GEL is actively used in Georgia for all forms of financial transactions, including cash, banking, and electronic payments, and is managed by the National Bank of Georgia.