Convert Gibraltar Pound to Barbadian Dollar
Please provide values below to convert Gibraltar Pound [GIP] to Barbadian Dollar [BBD], or Convert Barbadian Dollar to Gibraltar Pound.
How to Convert Gibraltar Pound to Barbadian Dollar
1 GIP = 0.37015 BBD
Example: convert 15 GIP to BBD:
15 GIP = 15 × 0.37015 BBD = 5.55225 BBD
Gibraltar Pound to Barbadian Dollar Conversion Table
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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.
Barbadian Dollar
The Barbadian Dollar (BBD) is the official currency of Barbados, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, replacing the Barbadian Pound, the Barbadian Dollar was initially pegged to the British Pound and later to the US Dollar, maintaining stability through various monetary policies.
Current Use
The BBD is widely used in Barbados for everyday transactions, banking, and trade, and is pegged to the US Dollar at a fixed rate of 2 BBD to 1 USD.