Convert Albanian Lek to Gibraltar Pound
Please provide values below to convert Albanian Lek [ALL] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Albanian Lek.
How to Convert Albanian Lek to Gibraltar Pound
1 ALL = 112.652032959611 GIP
Example: convert 15 ALL to GIP:
15 ALL = 15 × 112.652032959611 GIP = 1689.78049439416 GIP
Albanian Lek to Gibraltar Pound Conversion Table
| Albanian Lek | Gibraltar Pound |
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Albanian Lek
The Albanian Lek (ALL) is the official currency of Albania, used for everyday transactions and financial exchanges within the country.
History/Origin
The Albanian Lek was introduced in 1926, replacing the Albanian franc, and has undergone several reforms, with the current version issued since 1992 to stabilize the economy after the fall of communism.
Current Use
The Albanian Lek is actively used as the primary currency in Albania for all forms of payment, banking, and financial transactions.
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.