Convert Gibraltar Pound to Syrian Pound
Please provide values below to convert Gibraltar Pound [GIP] to Syrian Pound [SYP], or Convert Syrian Pound to Gibraltar Pound.
How to Convert Gibraltar Pound to Syrian Pound
1 GIP = 5.73670252618482e-05 SYP
Example: convert 15 GIP to SYP:
15 GIP = 15 × 5.73670252618482e-05 SYP = 0.000860505378927722 SYP
Gibraltar Pound to Syrian 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.
Syrian Pound
The Syrian Pound (SYP) is the official currency of Syria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Syrian Pound was introduced in 1947, replacing the Syrian lira, and has undergone various devaluations and reforms due to economic challenges and conflicts in Syria.
Current Use
Today, the Syrian Pound remains the official currency of Syria, though its value is heavily affected by ongoing economic instability and sanctions, with limited use in some regions and a significant presence of foreign currencies.