Convert Georgian Lari to Gibraltar Pound
Please provide values below to convert Georgian Lari [GEL] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Georgian Lari.
How to Convert Georgian Lari to Gibraltar Pound
1 GEL = 3.65986762123464 GIP
Example: convert 15 GEL to GIP:
15 GEL = 15 × 3.65986762123464 GIP = 54.8980143185195 GIP
Georgian Lari to Gibraltar Pound Conversion Table
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Georgian Lari
The Georgian Lari (GEL) is the official currency of Georgia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Georgian Lari was introduced in 1995, replacing the Georgian coupon as the country's official currency, to stabilize the economy and establish a national monetary system.
Current Use
The GEL is actively used in Georgia for all forms of financial transactions, including cash, banking, and electronic payments, and is managed by the National Bank of Georgia.
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.