Convert Gibraltar Pound to Armenian Dram
Please provide values below to convert Gibraltar Pound [GIP] to Armenian Dram [AMD], or Convert Armenian Dram to Gibraltar Pound.
How to Convert Gibraltar Pound to Armenian Dram
1 GIP = 0.00192759853457726 AMD
Example: convert 15 GIP to AMD:
15 GIP = 15 × 0.00192759853457726 AMD = 0.0289139780186589 AMD
Gibraltar Pound to Armenian Dram Conversion Table
| Gibraltar Pound | Armenian Dram |
|---|
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.
Armenian Dram
The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.
History/Origin
The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.
Current Use
The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.