Convert Djiboutian Franc to Gibraltar Pound
Please provide values below to convert Djiboutian Franc [DJF] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Djiboutian Franc.
How to Convert Djiboutian Franc to Gibraltar Pound
1 DJF = 240.066189382683 GIP
Example: convert 15 DJF to GIP:
15 DJF = 15 × 240.066189382683 GIP = 3600.99284074024 GIP
Djiboutian Franc to Gibraltar Pound Conversion Table
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Djiboutian Franc
The Djiboutian Franc (DJF) is the official currency of Djibouti, used for all monetary transactions within the country.
History/Origin
The Djiboutian Franc was introduced in 1949, replacing the French Franc at par, and has been the country's official currency since then, with its value maintained by the Central Bank of Djibouti.
Current Use
The DJF is widely used in Djibouti for everyday transactions, banking, and trade, and is pegged to the US dollar at a fixed rate to ensure stability.
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.