Convert Gibraltar Pound to Congolese Franc
Please provide values below to convert Gibraltar Pound [GIP] to Congolese Franc [CDF], or Convert Congolese Franc to Gibraltar Pound.
How to Convert Gibraltar Pound to Congolese Franc
1 GIP = 0.000256599908749842 CDF
Example: convert 15 GIP to CDF:
15 GIP = 15 × 0.000256599908749842 CDF = 0.00384899863124763 CDF
Gibraltar Pound to Congolese Franc Conversion Table
| Gibraltar Pound | Congolese Franc |
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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.
Congolese Franc
The Congolese Franc (CDF) is the official currency of the Democratic Republic of the Congo, used for everyday transactions and financial exchanges within the country.
History/Origin
The Congolese Franc was introduced in 1967, replacing the Congolese Léopard at par, as part of monetary reforms following independence. It has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the CDF remains the official currency of the Democratic Republic of the Congo, used in all banking, commerce, and financial activities across the country.