Convert Libyan Dinar to Gibraltar Pound
Please provide values below to convert Libyan Dinar [LYD] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Libyan Dinar.
How to Convert Libyan Dinar to Gibraltar Pound
1 LYD = 7.33216263676888 GIP
Example: convert 15 LYD to GIP:
15 LYD = 15 × 7.33216263676888 GIP = 109.982439551533 GIP
Libyan Dinar to Gibraltar Pound Conversion Table
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Libyan Dinar
The Libyan Dinar (LYD) is the official currency of Libya, used for all monetary transactions within the country.
History/Origin
The Libyan Dinar was introduced in 1971, replacing the Libyan Pound at par, and has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the LYD is actively used in Libya for everyday transactions, banking, and international trade, with the Central Bank of Libya managing its issuance and regulation.
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.