Convert Uzbekistan Som to Gibraltar Pound
Please provide values below to convert Uzbekistan Som [UZS] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Uzbekistan Som.
How to Convert Uzbekistan Som to Gibraltar Pound
1 UZS = 17163.9488045387 GIP
Example: convert 15 UZS to GIP:
15 UZS = 15 × 17163.9488045387 GIP = 257459.232068081 GIP
Uzbekistan Som to Gibraltar Pound Conversion Table
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Uzbekistan Som
The Uzbekistan Som (UZS) is the official currency of Uzbekistan, used for everyday transactions and monetary exchanges within the country.
History/Origin
Introduced in 1993 following Uzbekistan's independence from the Soviet Union, the Som replaced the Russian ruble as the national currency. It has undergone several redenominations and reforms over the years to stabilize the economy.
Current Use
The Uzbekistan Som is actively used for all forms of financial transactions in Uzbekistan, including cash payments, banking, and electronic transfers. It is managed and issued by the Central Bank of Uzbekistan.
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.