Convert Gibraltar Pound to Lesotho Loti
Please provide values below to convert Gibraltar Pound [GIP] to Lesotho Loti [LSL], or Convert Lesotho Loti to Gibraltar Pound.
How to Convert Gibraltar Pound to Lesotho Loti
1 GIP = 0.042142235024222 LSL
Example: convert 15 GIP to LSL:
15 GIP = 15 × 0.042142235024222 LSL = 0.632133525363329 LSL
Gibraltar Pound to Lesotho Loti 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.
Lesotho Loti
The Lesotho Loti (LSL) is the official currency of Lesotho, used for all monetary transactions within the country.
History/Origin
Introduced in 1980, the Loti replaced the South African Rand at par and has since been managed by the Central Bank of Lesotho, reflecting the country's monetary independence.
Current Use
The Loti is actively used in Lesotho for everyday transactions, banking, and trade, and is pegged at par to the South African Rand.