Convert Gibraltar Pound to Angolan Kwanza
Please provide values below to convert Gibraltar Pound [GIP] to Angolan Kwanza [AOA], or Convert Angolan Kwanza to Gibraltar Pound.
How to Convert Gibraltar Pound to Angolan Kwanza
1 GIP = 0.000805111298507602 AOA
Example: convert 15 GIP to AOA:
15 GIP = 15 × 0.000805111298507602 AOA = 0.012076669477614 AOA
Gibraltar Pound to Angolan Kwanza Conversion Table
| Gibraltar Pound | Angolan Kwanza |
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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.
Angolan Kwanza
The Angolan Kwanza (AOA) is the official currency of Angola, used for all monetary transactions within the country.
History/Origin
The Kwanza was introduced in 1977, replacing the Angolan escudo after independence from Portugal. It has undergone several redenominations due to inflation and economic changes.
Current Use
The AOA is actively used as Angola's legal tender, with coins and banknotes circulating nationwide. It is managed by the National Bank of Angola.