Convert Gibraltar Pound to Uzbekistan Som
Please provide values below to convert Gibraltar Pound [GIP] to Uzbekistan Som [UZS], or Convert Uzbekistan Som to Gibraltar Pound.
How to Convert Gibraltar Pound to Uzbekistan Som
1 GIP = 5.82616512894497e-05 UZS
Example: convert 15 GIP to UZS:
15 GIP = 15 × 5.82616512894497e-05 UZS = 0.000873924769341745 UZS
Gibraltar Pound to Uzbekistan Som Conversion Table
| Gibraltar Pound | Uzbekistan Som |
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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.
Uzbekistan Som
The Uzbekistan Som (UZS) is the official currency of Uzbekistan, used for everyday transactions and monetary exchanges within the country.
History/Origin
Introduced in 1993 following Uzbekistan's independence from the Soviet Union, the Som replaced the Russian ruble as the national currency. It has undergone several redenominations and reforms over the years to stabilize the economy.
Current Use
The Uzbekistan Som is actively used for all forms of financial transactions in Uzbekistan, including cash payments, banking, and electronic transfers. It is managed and issued by the Central Bank of Uzbekistan.