Convert Gibraltar Pound to Tanzanian Shilling
Please provide values below to convert Gibraltar Pound [GIP] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Gibraltar Pound.
How to Convert Gibraltar Pound to Tanzanian Shilling
1 GIP = 0.000288040890834253 TZS
Example: convert 15 GIP to TZS:
15 GIP = 15 × 0.000288040890834253 TZS = 0.0043206133625138 TZS
Gibraltar Pound to Tanzanian Shilling Conversion Table
| Gibraltar Pound | Tanzanian Shilling |
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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.
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.