Convert Falkland Islands Pound to Gibraltar Pound
Please provide values below to convert Falkland Islands Pound [FKP] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Falkland Islands Pound.
How to Convert Falkland Islands Pound to Gibraltar Pound
1 FKP = 1 GIP
Example: convert 15 FKP to GIP:
15 FKP = 15 × 1 GIP = 15 GIP
Falkland Islands Pound to Gibraltar Pound Conversion Table
| Falkland Islands Pound | Gibraltar Pound |
|---|
Falkland Islands Pound
The Falkland Islands Pound (FKP) is the official currency of the Falkland Islands, pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1899, the Falkland Islands Pound has been used as the local currency, maintaining a fixed exchange rate with the British Pound, and has evolved alongside economic developments in the islands.
Current Use
The Falkland Islands Pound is actively used for all local transactions, issued by the Falkland Islands Monetary Authority, and is accepted alongside the British Pound within the islands.
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.