Convert Peruvian Nuevo Sol to Gibraltar Pound
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Gibraltar Pound
1 PEN = 4.80575442388221 GIP
Example: convert 15 PEN to GIP:
15 PEN = 15 × 4.80575442388221 GIP = 72.0863163582332 GIP
Peruvian Nuevo Sol to Gibraltar Pound Conversion Table
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Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.
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.