Convert Gibraltar Pound to Romanian Leu
Please provide values below to convert Gibraltar Pound [GIP] to Romanian Leu [RON], or Convert Romanian Leu to Gibraltar Pound.
How to Convert Gibraltar Pound to Romanian Leu
1 GIP = 0.170827949049289 RON
Example: convert 15 GIP to RON:
15 GIP = 15 × 0.170827949049289 RON = 2.56241923573934 RON
Gibraltar Pound to Romanian Leu 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.
Romanian Leu
The Romanian Leu (RON) is the official currency of Romania, used for all monetary transactions within the country.
History/Origin
The Leu was first introduced in 1867, replaced by the Romanian Leu in 1952 after a currency reform, and has undergone several redenominations, with the current form established in 2005 to stabilize the economy.
Current Use
The RON is actively used as Romania's primary currency for everyday transactions, banking, and international trade, with coins and banknotes issued by the National Bank of Romania.