Convert Kyrgystani Som to Gibraltar Pound
Please provide values below to convert Kyrgystani Som [KGS] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Kyrgystani Som.
How to Convert Kyrgystani Som to Gibraltar Pound
1 KGS = 117.921383223018 GIP
Example: convert 15 KGS to GIP:
15 KGS = 15 × 117.921383223018 GIP = 1768.82074834527 GIP
Kyrgystani Som to Gibraltar Pound Conversion Table
| Kyrgystani Som | Gibraltar Pound |
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Kyrgystani Som
The Kyrgystani Som (KGS) is the official currency of Kyrgyzstan, used for all monetary transactions within the country.
History/Origin
The Som was introduced in 1993, replacing the Soviet ruble, as part of Kyrgyzstan's independence and economic transition to establish a national currency.
Current Use
The Kyrgystani Som is actively used in everyday transactions, banking, and financial markets within Kyrgyzstan, with ongoing efforts to stabilize and modernize its economy.
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.