Convert Gibraltar Pound to Brunei Dollar
Please provide values below to convert Gibraltar Pound [GIP] to Brunei Dollar [BND], or Convert Brunei Dollar to Gibraltar Pound.
How to Convert Gibraltar Pound to Brunei Dollar
1 GIP = 0.578540168802751 BND
Example: convert 15 GIP to BND:
15 GIP = 15 × 0.578540168802751 BND = 8.67810253204126 BND
Gibraltar Pound to Brunei Dollar Conversion Table
| Gibraltar Pound | Brunei Dollar |
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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.
Brunei Dollar
The Brunei Dollar (BND) is the official currency of Brunei, used for all monetary transactions within the country.
History/Origin
Introduced in 1967, the Brunei Dollar replaced the Malayan dollar and has been pegged to the Singapore Dollar since 1967, maintaining a fixed exchange rate.
Current Use
The Brunei Dollar is widely used in Brunei for everyday transactions, banking, and trade, and is also accepted in some neighboring regions due to its peg to the Singapore Dollar.