Convert Gibraltar Pound to Mongolian Tugrik
Please provide values below to convert Gibraltar Pound [GIP] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Gibraltar Pound.
How to Convert Gibraltar Pound to Mongolian Tugrik
1 GIP = 0.000208551143400025 MNT
Example: convert 15 GIP to MNT:
15 GIP = 15 × 0.000208551143400025 MNT = 0.00312826715100038 MNT
Gibraltar Pound to Mongolian Tugrik Conversion Table
| Gibraltar Pound | Mongolian Tugrik |
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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.
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.