Convert Gibraltar Pound to Tongan Paanga
Please provide values below to convert Gibraltar Pound [GIP] to Tongan Paanga [TOP], or Convert Tongan Paanga to Gibraltar Pound.
How to Convert Gibraltar Pound to Tongan Paanga
1 GIP = 0.310476430129173 TOP
Example: convert 15 GIP to TOP:
15 GIP = 15 × 0.310476430129173 TOP = 4.65714645193759 TOP
Gibraltar Pound to Tongan Paanga Conversion Table
| Gibraltar Pound | Tongan Paanga |
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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.
Tongan Paanga
The Tongan Paʻanga (TOP) is the official currency of Tonga, used as the primary monetary unit for transactions within the country.
History/Origin
The Paʻanga was introduced in 1967, replacing the Tongan pound at a rate of 1 Paʻanga = 10 shillings, to modernize Tonga's currency system and facilitate easier transactions.
Current Use
Today, the Paʻanga remains the official currency of Tonga, widely used in everyday transactions, banking, and trade within the country.