Convert Gibraltar Pound to Afghan Afghani
Please provide values below to convert Gibraltar Pound [GIP] to Afghan Afghani [AFN], or Convert Afghan Afghani to Gibraltar Pound.
How to Convert Gibraltar Pound to Afghan Afghani
1 GIP = 0.0107371083631385 AFN
Example: convert 15 GIP to AFN:
15 GIP = 15 × 0.0107371083631385 AFN = 0.161056625447077 AFN
Gibraltar Pound to Afghan Afghani 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.
Afghan Afghani
The Afghan Afghani (AFN) is the official currency of Afghanistan, used for all monetary transactions within the country.
History/Origin
The Afghani was introduced in 1925, replacing the Afghan rupee, and has undergone several reforms and redenominations over the years, especially during periods of economic instability and conflict.
Current Use
Today, the Afghani remains the official currency of Afghanistan, widely used in everyday transactions, with coins and banknotes issued by the central bank, the Da Afghanistan Bank.