Convert Gibraltar Pound to Kyrgystani Som
Please provide values below to convert Gibraltar Pound [GIP] to Kyrgystani Som [KGS], or Convert Kyrgystani Som to Gibraltar Pound.
How to Convert Gibraltar Pound to Kyrgystani Som
1 GIP = 0.00848022616991152 KGS
Example: convert 15 GIP to KGS:
15 GIP = 15 × 0.00848022616991152 KGS = 0.127203392548673 KGS
Gibraltar Pound to Kyrgystani Som Conversion Table
| Gibraltar Pound | Kyrgystani Som |
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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.
Kyrgystani Som
The Kyrgystani Som (KGS) is the official currency of Kyrgyzstan, used for all monetary transactions within the country.
History/Origin
The Som was introduced in 1993, replacing the Soviet ruble, as part of Kyrgyzstan's independence and economic transition to establish a national currency.
Current Use
The Kyrgystani Som is actively used in everyday transactions, banking, and financial markets within Kyrgyzstan, with ongoing efforts to stabilize and modernize its economy.