Convert Gibraltar Pound to Djiboutian Franc
Please provide values below to convert Gibraltar Pound [GIP] to Djiboutian Franc [DJF], or Convert Djiboutian Franc to Gibraltar Pound.
How to Convert Gibraltar Pound to Djiboutian Franc
1 GIP = 0.00416551786226726 DJF
Example: convert 15 GIP to DJF:
15 GIP = 15 × 0.00416551786226726 DJF = 0.0624827679340089 DJF
Gibraltar Pound to Djiboutian Franc Conversion Table
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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.
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.