Convert Omani Rial to Gibraltar Pound
Please provide values below to convert Omani Rial [OMR] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Omani Rial.
How to Convert Omani Rial to Gibraltar Pound
1 OMR = 0.519384033499932 GIP
Example: convert 15 OMR to GIP:
15 OMR = 15 × 0.519384033499932 GIP = 7.79076050249899 GIP
Omani Rial to Gibraltar Pound Conversion Table
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Omani Rial
The Omani Rial (OMR) is the official currency of Oman, used for all monetary transactions within the country.
History/Origin
The Omani Rial was introduced in 1970, replacing the Gulf rupee at par, and has since been the standard currency of Oman, with its value stabilized through pegging to the US dollar.
Current Use
The Omani Rial is widely used in Oman for everyday transactions, banking, and trade, and is subdivided into 1000 baisa.
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.