Convert Gibraltar Pound to Turkmenistani Manat
Please provide values below to convert Gibraltar Pound [GIP] to Turkmenistani Manat [TMT], or Convert Turkmenistani Manat to Gibraltar Pound.
How to Convert Gibraltar Pound to Turkmenistani Manat
1 GIP = 0.211514285714286 TMT
Example: convert 15 GIP to TMT:
15 GIP = 15 × 0.211514285714286 TMT = 3.17271428571429 TMT
Gibraltar Pound to Turkmenistani Manat Conversion Table
| Gibraltar Pound | Turkmenistani Manat |
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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.
Turkmenistani Manat
The Turkmenistani Manat (TMT) is the official currency of Turkmenistan, used for all monetary transactions within the country.
History/Origin
The Turkmenistani Manat was introduced in 1993, replacing the Soviet ruble, and has undergone several redenominations to stabilize the economy and control inflation.
Current Use
Today, the Manat is widely used in Turkmenistan for everyday transactions, banking, and trade, with banknotes and coins issued by the Central Bank of Turkmenistan.