Convert Macedonian Denar to Gibraltar Pound
Please provide values below to convert Macedonian Denar [MKD] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Macedonian Denar.
How to Convert Macedonian Denar to Gibraltar Pound
1 MKD = 71.3843036606781 GIP
Example: convert 15 MKD to GIP:
15 MKD = 15 × 71.3843036606781 GIP = 1070.76455491017 GIP
Macedonian Denar to Gibraltar Pound Conversion Table
| Macedonian Denar | Gibraltar Pound |
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Macedonian Denar
The Macedonian Denar (MKD) is the official currency of North Macedonia, used for all monetary transactions within the country.
History/Origin
The Denar was introduced in 1992 following the independence of North Macedonia, replacing the Yugoslav dinar. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Denar is actively used as the national currency for everyday transactions, banking, and trade in North Macedonia, with coins and banknotes issued by the National Bank of North Macedonia.
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.