Convert Uruguayan Peso to Gibraltar Pound
Please provide values below to convert Uruguayan Peso [UYU] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Uruguayan Peso.
How to Convert Uruguayan Peso to Gibraltar Pound
1 UYU = 54.4372551668243 GIP
Example: convert 15 UYU to GIP:
15 UYU = 15 × 54.4372551668243 GIP = 816.558827502364 GIP
Uruguayan Peso to Gibraltar Pound Conversion Table
| Uruguayan Peso | Gibraltar Pound |
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Uruguayan Peso
The Uruguayan Peso (UYU) is the official currency of Uruguay, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 to replace the Uruguayan Peso Moneda Nacional, the UYU has undergone various redenominations and monetary reforms to stabilize the economy and control inflation.
Current Use
The UYU is widely used in Uruguay for everyday transactions, banking, and trade, and is also accepted in some border regions of neighboring countries.
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.