Convert Gibraltar Pound to Brazilian Real
Please provide values below to convert Gibraltar Pound [GIP] to Brazilian Real [BRL], or Convert Brazilian Real to Gibraltar Pound.
How to Convert Gibraltar Pound to Brazilian Real
1 GIP = 0.132980061074187 BRL
Example: convert 15 GIP to BRL:
15 GIP = 15 × 0.132980061074187 BRL = 1.99470091611281 BRL
Gibraltar Pound to Brazilian Real 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.
Brazilian Real
The Brazilian Real (BRL) is the official currency of Brazil, used for all monetary transactions within the country.
History/Origin
Introduced in 1994 to stabilize the Brazilian economy and curb hyperinflation, the Real replaced the Cruzeiro and has undergone several reforms and currency changes since its inception.
Current Use
The BRL is widely used in Brazil for everyday transactions, banking, and international trade, and is recognized as a stable currency in Latin America.