Convert Turkish Lira to Gibraltar Pound
Please provide values below to convert Turkish Lira [TRY] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Turkish Lira.
How to Convert Turkish Lira to Gibraltar Pound
1 TRY = 54.6274483317574 GIP
Example: convert 15 TRY to GIP:
15 TRY = 15 × 54.6274483317574 GIP = 819.411724976361 GIP
Turkish Lira to Gibraltar Pound Conversion Table
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Turkish Lira
The Turkish Lira (TRY) is the official currency of Turkey, used for everyday transactions and financial exchanges within the country.
History/Origin
The Turkish Lira was first introduced in 1923, replacing the Ottoman lira. It has undergone several revaluations and reforms, including the introduction of the New Turkish Lira in 2005 to address inflation and currency stability issues.
Current Use
Today, the Turkish Lira is the primary currency used in Turkey for all economic activities. It is also accepted in some regions of Northern Cyprus and is used in financial markets and banking transactions across the country.
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.