Convert Gibraltar Pound to Qatari Rial
Please provide values below to convert Gibraltar Pound [GIP] to Qatari Rial [QAR], or Convert Qatari Rial to Gibraltar Pound.
How to Convert Gibraltar Pound to Qatari Rial
1 GIP = 0.203379120879121 QAR
Example: convert 15 GIP to QAR:
15 GIP = 15 × 0.203379120879121 QAR = 3.05068681318681 QAR
Gibraltar Pound to Qatari Rial Conversion Table
| Gibraltar Pound | Qatari Rial |
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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.
Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.