Convert Gibraltar Pound to Israeli New Sheqel
Please provide values below to convert Gibraltar Pound [GIP] to Israeli New Sheqel [ILS], or Convert Israeli New Sheqel to Gibraltar Pound.
How to Convert Gibraltar Pound to Israeli New Sheqel
1 GIP = 0.221315396113602 ILS
Example: convert 15 GIP to ILS:
15 GIP = 15 × 0.221315396113602 ILS = 3.31973094170404 ILS
Gibraltar Pound to Israeli New Sheqel 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.
Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.