Convert Gibraltar Pound to Chilean Peso
Please provide values below to convert Gibraltar Pound [GIP] to Chilean Peso [CLP], or Convert Chilean Peso to Gibraltar Pound.
How to Convert Gibraltar Pound to Chilean Peso
1 GIP = 0.000775678299396316 CLP
Example: convert 15 GIP to CLP:
15 GIP = 15 × 0.000775678299396316 CLP = 0.0116351744909447 CLP
Gibraltar Pound to Chilean Peso Conversion Table
| Gibraltar Pound | Chilean Peso |
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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.
Chilean Peso
The Chilean Peso (CLP) is the official currency of Chile, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Chilean Peso was introduced in 1975, replacing the Chilean Escudo, as part of monetary reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Chilean Peso remains the official currency of Chile, widely used in all financial transactions, banking, and commerce across the country.