Convert Gibraltar Pound to Pakistani Rupee
Please provide values below to convert Gibraltar Pound [GIP] to Pakistani Rupee [PKR], or Convert Pakistani Rupee to Gibraltar Pound.
How to Convert Gibraltar Pound to Pakistani Rupee
1 GIP = 0.0025990321475315 PKR
Example: convert 15 GIP to PKR:
15 GIP = 15 × 0.0025990321475315 PKR = 0.0389854822129725 PKR
Gibraltar Pound to Pakistani Rupee 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.
Pakistani Rupee
The Pakistani Rupee (PKR) is the official currency of Pakistan, used for all monetary transactions within the country.
History/Origin
The Pakistani Rupee was introduced in 1947, replacing the Indian Rupee at independence, and has undergone various reforms and devaluations over the years to stabilize the economy.
Current Use
Today, the PKR is widely used across Pakistan for everyday transactions, banking, and trade, with the central bank managing its issuance and regulation.