Convert Gibraltar Pound to North Korean Won
Please provide values below to convert Gibraltar Pound [GIP] to North Korean Won [KPW], or Convert North Korean Won to Gibraltar Pound.
How to Convert Gibraltar Pound to North Korean Won
1 GIP = 0.000822555555555556 KPW
Example: convert 15 GIP to KPW:
15 GIP = 15 × 0.000822555555555556 KPW = 0.0123383333333333 KPW
Gibraltar Pound to North Korean Won Conversion Table
| Gibraltar Pound | North Korean Won |
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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.
North Korean Won
The North Korean Won (KPW) is the official currency of North Korea, used for everyday transactions within the country.
History/Origin
The North Korean Won was first introduced in 1947, replacing the Korean won used during the Japanese occupation, and has undergone several redenominations and reforms since then.
Current Use
Today, the KPW is primarily used domestically in North Korea, with limited acceptance outside the country; it is subject to strict government control and currency regulations.