Convert Gibraltar Pound to Moldovan Leu
Please provide values below to convert Gibraltar Pound [GIP] to Moldovan Leu [MDL], or Convert Moldovan Leu to Gibraltar Pound.
How to Convert Gibraltar Pound to Moldovan Leu
1 GIP = 0.0436793816561938 MDL
Example: convert 15 GIP to MDL:
15 GIP = 15 × 0.0436793816561938 MDL = 0.655190724842906 MDL
Gibraltar Pound to Moldovan Leu 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.
Moldovan Leu
The Moldovan Leu (MDL) is the official currency of Moldova, used for all monetary transactions within the country.
History/Origin
The Moldovan Leu was introduced in 1993, replacing the Soviet ruble, following Moldova's independence. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Moldovan Leu is actively used as the national currency for everyday transactions, banking, and trade in Moldova. It is issued and regulated by the National Bank of Moldova.