Convert Kazakhstani Tenge to Gibraltar Pound
Please provide values below to convert Kazakhstani Tenge [KZT] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Kazakhstani Tenge.
How to Convert Kazakhstani Tenge to Gibraltar Pound
1 KZT = 722.285830068891 GIP
Example: convert 15 KZT to GIP:
15 KZT = 15 × 722.285830068891 GIP = 10834.2874510334 GIP
Kazakhstani Tenge to Gibraltar Pound Conversion Table
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Kazakhstani Tenge
The Kazakhstani Tenge (KZT) is the official currency of Kazakhstan, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 following Kazakhstan's independence from the Soviet Union, the Tenge replaced the Soviet ruble and has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Tenge is actively used in Kazakhstan for everyday transactions, banking, and trade, and is managed by the National Bank of Kazakhstan. It features modern security features and is available in both cash and digital forms.
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.