Convert Gibraltar Pound to Swazi Lilangeni
Please provide values below to convert Gibraltar Pound [GIP] to Swazi Lilangeni [SZL], or Convert Swazi Lilangeni to Gibraltar Pound.
How to Convert Gibraltar Pound to Swazi Lilangeni
1 GIP = 0.042142235024222 SZL
Example: convert 15 GIP to SZL:
15 GIP = 15 × 0.042142235024222 SZL = 0.632133525363329 SZL
Gibraltar Pound to Swazi Lilangeni Conversion Table
| Gibraltar Pound | Swazi Lilangeni |
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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.
Swazi Lilangeni
The Swazi Lilangeni (SZL) is the official currency of Eswatini, subdivided into 100 cents.
History/Origin
The Lilangeni was introduced in 1974, replacing the Swazi pound, to modernize the currency system and align with regional monetary standards.
Current Use
The SZL is actively used for all financial transactions within Eswatini and is pegged to the South African Rand at par, facilitating regional trade and stability.