Convert Gibraltar Pound to São Tomé and Príncipe Dobra
Please provide values below to convert Gibraltar Pound [GIP] to São Tomé and Príncipe Dobra [STN], or Convert São Tomé and Príncipe Dobra to Gibraltar Pound.
How to Convert Gibraltar Pound to São Tomé And Príncipe Dobra
1 GIP = 0.035449378211298 STN
Example: convert 15 GIP to STN:
15 GIP = 15 × 0.035449378211298 STN = 0.53174067316947 STN
Gibraltar Pound to São Tomé And Príncipe Dobra 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.
São Tomé And Príncipe Dobra
The São Tomé and Príncipe Dobra (STN) is the official currency of São Tomé and Príncipe, used for all monetary transactions within the country.
History/Origin
The Dobra was introduced in 1977, replacing the São Tomé and Príncipe escudo at par, and has undergone various redenominations and updates since its inception to stabilize the economy and modernize the currency system.
Current Use
Today, the Dobra remains the official currency, with banknotes and coins in circulation, and is used for everyday transactions, though it is subject to inflation and economic fluctuations.