Convert Gibraltar Pound to Iraqi Dinar
Please provide values below to convert Gibraltar Pound [GIP] to Iraqi Dinar [IQD], or Convert Iraqi Dinar to Gibraltar Pound.
How to Convert Gibraltar Pound to Iraqi Dinar
1 GIP = 0.000565264406759472 IQD
Example: convert 15 GIP to IQD:
15 GIP = 15 × 0.000565264406759472 IQD = 0.00847896610139208 IQD
Gibraltar Pound to Iraqi Dinar Conversion Table
| Gibraltar Pound | Iraqi Dinar |
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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.
Iraqi Dinar
The Iraqi Dinar (IQD) is the official currency of Iraq, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Iraqi Dinar was introduced in 1932, replacing the Indian Rupee, and has undergone various redenominations and reforms, especially following periods of economic instability and conflict.
Current Use
Today, the IQD is the official currency of Iraq, used in all financial transactions, with the Central Bank of Iraq managing its issuance and regulation.