Convert Gibraltar Pound to Iranian Rial
Please provide values below to convert Gibraltar Pound [GIP] to Iranian Rial [IRR], or Convert Iranian Rial to Gibraltar Pound.
How to Convert Gibraltar Pound to Iranian Rial
1 GIP = 1.74444016604045e-05 IRR
Example: convert 15 GIP to IRR:
15 GIP = 15 × 1.74444016604045e-05 IRR = 0.000261666024906067 IRR
Gibraltar Pound to Iranian Rial 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.
Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, used for everyday transactions and pricing within the country.
History/Origin
The Iranian Rial was introduced in 1932, replacing the Iranian Toman. It has undergone several redenominations and inflation periods, with the current form established in 2002 to address hyperinflation.
Current Use
Today, the IRR is the primary currency used in Iran for all financial transactions, though the currency experiences high inflation and is often used alongside other forms of payment such as digital currencies and foreign currencies in certain contexts.