Convert Gibraltar Pound to Jersey Pound
Please provide values below to convert Gibraltar Pound [GIP] to Jersey Pound [JEP], or Convert Jersey Pound to Gibraltar Pound.
How to Convert Gibraltar Pound to Jersey Pound
1 GIP = 1 JEP
Example: convert 15 GIP to JEP:
15 GIP = 15 × 1 JEP = 15 JEP
Gibraltar Pound to Jersey Pound Conversion Table
| Gibraltar Pound | Jersey Pound |
|---|
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.
Jersey Pound
The Jersey Pound (JEP) is the official currency of Jersey, a British Crown Dependency, used for everyday transactions and financial purposes within the island.
History/Origin
The Jersey Pound was introduced in 1961, replacing the British Pound Sterling in Jersey, and has since been pegged to the British Pound at par, maintaining its value and stability as a local currency.
Current Use
Today, the Jersey Pound is widely used for all local transactions, with banknotes and coins issued specifically for Jersey, and it is accepted alongside the British Pound Sterling within the island.