Convert Gibraltar Pound to Nicaraguan Córdoba
Please provide values below to convert Gibraltar Pound [GIP] to Nicaraguan Córdoba [NIO], or Convert Nicaraguan Córdoba to Gibraltar Pound.
How to Convert Gibraltar Pound to Nicaraguan Córdoba
1 GIP = 0.0201243944740147 NIO
Example: convert 15 GIP to NIO:
15 GIP = 15 × 0.0201243944740147 NIO = 0.301865917110221 NIO
Gibraltar Pound to Nicaraguan Córdoba Conversion Table
| Gibraltar Pound | Nicaraguan Córdoba |
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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.
Nicaraguan Córdoba
The Nicaraguan Córdoba (NIO) is the official currency of Nicaragua, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Nicaraguan Córdoba was introduced in 1912, replacing the Nicaraguan peso. It has undergone several redenominations and reforms, with the current version being issued in 1998 to stabilize the economy after periods of inflation.
Current Use
Today, the Nicaraguan Córdoba is the primary legal tender in Nicaragua, used in all financial transactions, banking, and commerce across the country.