Convert Gibraltar Pound to Salvadoran Colón
Please provide values below to convert Gibraltar Pound [GIP] to Salvadoran Colón [SVC], or Convert Salvadoran Colón to Gibraltar Pound.
How to Convert Gibraltar Pound to Salvadoran Colón
1 GIP = 0.0847087685532857 SVC
Example: convert 15 GIP to SVC:
15 GIP = 15 × 0.0847087685532857 SVC = 1.27063152829929 SVC
Gibraltar Pound to Salvadoran Colón Conversion Table
| Gibraltar Pound | Salvadoran Colón |
|---|
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.
Salvadoran Colón
The Salvadoran Colón (SVC) was the official currency of El Salvador until 2001, used as the country's monetary unit for everyday transactions.
History/Origin
Introduced in 1892, the Salvadoran Colón replaced the peso and was used until 2001, when El Salvador adopted the United States dollar as its official currency. It was named after Christopher Columbus (Cristóbal Colón).
Current Use
The Salvadoran Colón is no longer in circulation; it was replaced by the US dollar in 2001 and is now obsolete, with no current use in transactions.