Convert Gibraltar Pound to Colombian Peso
Please provide values below to convert Gibraltar Pound [GIP] to Colombian Peso [COP], or Convert Colombian Peso to Gibraltar Pound.
How to Convert Gibraltar Pound to Colombian Peso
1 GIP = 0.000183632347551169 COP
Example: convert 15 GIP to COP:
15 GIP = 15 × 0.000183632347551169 COP = 0.00275448521326753 COP
Gibraltar Pound to Colombian Peso Conversion Table
| Gibraltar Pound | Colombian 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.
Colombian Peso
The Colombian Peso (COP) is the official currency of Colombia, used for all monetary transactions within the country.
History/Origin
The Colombian Peso was introduced in 1810, replacing the real, and has undergone various reforms and redenominations over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the COP is widely used in Colombia for everyday transactions, banking, and international trade, with coins and banknotes issued by the Banco de la República.