Convert Gibraltar Pound to Bulgarian Lev
Please provide values below to convert Gibraltar Pound [GIP] to Bulgarian Lev [BGN], or Convert Bulgarian Lev to Gibraltar Pound.
How to Convert Gibraltar Pound to Bulgarian Lev
1 GIP = 0.443931398416887 BGN
Example: convert 15 GIP to BGN:
15 GIP = 15 × 0.443931398416887 BGN = 6.6589709762533 BGN
Gibraltar Pound to Bulgarian Lev 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.
Bulgarian Lev
The Bulgarian Lev (BGN) is the official currency of Bulgaria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Lev was introduced in 1881, replacing the Bulgarian lev of the Ottoman Empire, and has undergone several reforms, most notably in 1999 when the current fixed exchange rate system was established to stabilize the economy.
Current Use
The Bulgarian Lev is the sole legal tender in Bulgaria, widely used in all financial transactions, banking, and commerce within the country, and is pegged to the Euro at a fixed rate.