Convert Gibraltar Pound to Libyan Dinar
Please provide values below to convert Gibraltar Pound [GIP] to Libyan Dinar [LYD], or Convert Libyan Dinar to Gibraltar Pound.
How to Convert Gibraltar Pound to Libyan Dinar
1 GIP = 0.13638540899042 LYD
Example: convert 15 GIP to LYD:
15 GIP = 15 × 0.13638540899042 LYD = 2.0457811348563 LYD
Gibraltar Pound to Libyan Dinar 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.
Libyan Dinar
The Libyan Dinar (LYD) is the official currency of Libya, used for all monetary transactions within the country.
History/Origin
The Libyan Dinar was introduced in 1971, replacing the Libyan Pound at par, and has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the LYD is actively used in Libya for everyday transactions, banking, and international trade, with the Central Bank of Libya managing its issuance and regulation.