Convert Gibraltar Pound to Malawian Kwacha
Please provide values below to convert Gibraltar Pound [GIP] to Malawian Kwacha [MWK], or Convert Malawian Kwacha to Gibraltar Pound.
How to Convert Gibraltar Pound to Malawian Kwacha
1 GIP = 0.000424606822857509 MWK
Example: convert 15 GIP to MWK:
15 GIP = 15 × 0.000424606822857509 MWK = 0.00636910234286264 MWK
Gibraltar Pound to Malawian Kwacha Conversion Table
| Gibraltar Pound | Malawian Kwacha |
|---|
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.
Malawian Kwacha
The Malawian Kwacha (MWK) is the official currency of Malawi, used for all monetary transactions within the country.
History/Origin
The Malawian Kwacha was introduced in 1971, replacing the Malawian Pound, as part of Malawi's monetary reform to establish a national currency.
Current Use
Today, the MWK is actively used in Malawi for everyday transactions, banking, and trade, with coins and banknotes issued by the Reserve Bank of Malawi.