Convert Gibraltar Pound to Algerian Dinar
Please provide values below to convert Gibraltar Pound [GIP] to Algerian Dinar [DZD], or Convert Algerian Dinar to Gibraltar Pound.
How to Convert Gibraltar Pound to Algerian Dinar
1 GIP = 0.00569457596062796 DZD
Example: convert 15 GIP to DZD:
15 GIP = 15 × 0.00569457596062796 DZD = 0.0854186394094195 DZD
Gibraltar Pound to Algerian Dinar Conversion Table
| Gibraltar Pound | Algerian Dinar |
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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.
Algerian Dinar
The Algerian Dinar (DZD) is the official currency of Algeria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Algerian Dinar was introduced in 1964, replacing the Algerian franc after independence, and has undergone several reforms to stabilize the economy and control inflation.
Current Use
Today, the Dinar remains the official currency of Algeria, used in all financial transactions, banking, and commerce across the country.