Convert Guinean Franc to Gibraltar Pound
Please provide values below to convert Guinean Franc [GNF] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Guinean Franc.
How to Convert Guinean Franc to Gibraltar Pound
1 GNF = 11745.4737268675 GIP
Example: convert 15 GNF to GIP:
15 GNF = 15 × 11745.4737268675 GIP = 176182.105903012 GIP
Guinean Franc to Gibraltar Pound Conversion Table
| Guinean Franc | Gibraltar Pound |
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Guinean Franc
The Guinean Franc (GNF) is the official currency of Guinea, used for all monetary transactions within the country.
History/Origin
The Guinean Franc was introduced in 1959, replacing the French CFA franc, following Guinea's independence, and has undergone various redenominations since then.
Current Use
Today, the GNF is used exclusively within Guinea for everyday transactions, banking, and trade, and is issued by the Central Bank of the Republic of Guinea.
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.