Convert Gibraltar Pound to Burundian Franc
Please provide values below to convert Gibraltar Pound [GIP] to Burundian Franc [BIF], or Convert Burundian Franc to Gibraltar Pound.
How to Convert Gibraltar Pound to Burundian Franc
1 GIP = 0.000249343507141218 BIF
Example: convert 15 GIP to BIF:
15 GIP = 15 × 0.000249343507141218 BIF = 0.00374015260711826 BIF
Gibraltar Pound to Burundian Franc Conversion Table
| Gibraltar Pound | Burundian Franc |
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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.
Burundian Franc
The Burundian Franc (BIF) is the official currency of Burundi, used for everyday transactions within the country.
History/Origin
The Burundian Franc was introduced in 1964, replacing the Belgian Congo franc, following Burundi's independence. It has undergone various redenominations and inflation adjustments over the years.
Current Use
Today, the BIF is widely used in Burundi for all monetary transactions, with coins and banknotes issued by the Central Bank of Burundi. It remains the legal tender in the country.