Convert Gibraltar Pound to Peruvian Nuevo Sol
Please provide values below to convert Gibraltar Pound [GIP] to Peruvian Nuevo Sol [PEN], or Convert Peruvian Nuevo Sol to Gibraltar Pound.
How to Convert Gibraltar Pound to Peruvian Nuevo Sol
1 GIP = 0.208083874413244 PEN
Example: convert 15 GIP to PEN:
15 GIP = 15 × 0.208083874413244 PEN = 3.12125811619867 PEN
Gibraltar Pound to Peruvian Nuevo Sol Conversion Table
| Gibraltar Pound | Peruvian Nuevo Sol |
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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.
Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.