Convert Gibraltar Pound to Gambian Dalasi
Please provide values below to convert Gibraltar Pound [GIP] to Gambian Dalasi [GMD], or Convert Gambian Dalasi to Gibraltar Pound.
How to Convert Gibraltar Pound to Gambian Dalasi
1 GIP = 0.0101716246982381 GMD
Example: convert 15 GIP to GMD:
15 GIP = 15 × 0.0101716246982381 GMD = 0.152574370473572 GMD
Gibraltar Pound to Gambian Dalasi Conversion Table
| Gibraltar Pound | Gambian Dalasi |
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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.
Gambian Dalasi
The Gambian Dalasi (GMD) is the official currency of The Gambia, used for all monetary transactions within the country.
History/Origin
The Dalasi was introduced in 1979, replacing the Gambian Pound at a rate of 1 Dalasi = 10 Pounds, to modernize the country's currency system.
Current Use
The Gambian Dalasi is actively used as the primary currency in The Gambia, with coins and banknotes circulating for everyday transactions and trade.