Convert Gibraltar Pound to Ethiopian Birr
Please provide values below to convert Gibraltar Pound [GIP] to Ethiopian Birr [ETB], or Convert Ethiopian Birr to Gibraltar Pound.
How to Convert Gibraltar Pound to Ethiopian Birr
1 GIP = 0.00541799744139956 ETB
Example: convert 15 GIP to ETB:
15 GIP = 15 × 0.00541799744139956 ETB = 0.0812699616209934 ETB
Gibraltar Pound to Ethiopian Birr 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.
Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.