Convert Japanese Yen to Gibraltar Pound
Please provide values below to convert Japanese Yen [JPY] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Japanese Yen.
How to Convert Japanese Yen to Gibraltar Pound
1 JPY = 198.340132378765 GIP
Example: convert 15 JPY to GIP:
15 JPY = 15 × 198.340132378765 GIP = 2975.10198568148 GIP
Japanese Yen to Gibraltar Pound Conversion Table
| Japanese Yen | Gibraltar Pound |
|---|
Japanese Yen
The Japanese Yen (JPY) is the official currency of Japan, used as the country's primary medium of exchange.
History/Origin
Introduced in 1871 during the Meiji Restoration, the Yen replaced the previous complex monetary system and has undergone various reforms, including decimalization in 1954, to modernize Japan's currency system.
Current Use
The Yen is widely used in Japan for everyday transactions, banking, and international trade, and is one of the most traded currencies globally.
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.