Convert Gibraltar Pound to Czech Republic Koruna
Please provide values below to convert Gibraltar Pound [GIP] to Czech Republic Koruna [CZK], or Convert Czech Republic Koruna to Gibraltar Pound.
How to Convert Gibraltar Pound to Czech Republic Koruna
1 GIP = 0.0352574177263419 CZK
Example: convert 15 GIP to CZK:
15 GIP = 15 × 0.0352574177263419 CZK = 0.528861265895128 CZK
Gibraltar Pound to Czech Republic Koruna Conversion Table
| Gibraltar Pound | Czech Republic Koruna |
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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.
Czech Republic Koruna
The Czech Republic Koruna (CZK) is the official currency of the Czech Republic, used for all monetary transactions within the country.
History/Origin
The Koruna was introduced in 1993 following the dissolution of Czechoslovakia, replacing the Czechoslovak koruna at par. It has undergone various reforms and decimalization over the years.
Current Use
The CZK is widely used in everyday transactions, banking, and international trade within the Czech Republic. It is also accepted in some neighboring regions and is actively traded on the foreign exchange market.