Convert Gibraltar Pound to Liberian Dollar
Please provide values below to convert Gibraltar Pound [GIP] to Liberian Dollar [LRD], or Convert Liberian Dollar to Gibraltar Pound.
How to Convert Gibraltar Pound to Liberian Dollar
1 GIP = 0.00369256767878502 LRD
Example: convert 15 GIP to LRD:
15 GIP = 15 × 0.00369256767878502 LRD = 0.0553885151817753 LRD
Gibraltar Pound to Liberian Dollar 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.
Liberian Dollar
The Liberian Dollar (LRD) is the official currency of Liberia, used for all monetary transactions within the country.
History/Origin
The Liberian Dollar was introduced in 1943, replacing the Liberian Pound, and has undergone various reforms to stabilize the economy and manage inflation.
Current Use
Today, the Liberian Dollar is widely used in Liberia for everyday transactions, with coins and banknotes issued by the Central Bank of Liberia.