Convert Gibraltar Pound to Bahraini Dinar
Please provide values below to convert Gibraltar Pound [GIP] to Bahraini Dinar [BHD], or Convert Bahraini Dinar to Gibraltar Pound.
How to Convert Gibraltar Pound to Bahraini Dinar
1 GIP = 1.9688829787234 BHD
Example: convert 15 GIP to BHD:
15 GIP = 15 × 1.9688829787234 BHD = 29.5332446808511 BHD
Gibraltar Pound to Bahraini Dinar Conversion Table
| Gibraltar Pound | Bahraini Dinar |
|---|
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.
Bahraini Dinar
The Bahraini Dinar (BHD) is the official currency of Bahrain, used for all monetary transactions within the country.
History/Origin
The Bahraini Dinar was introduced in 1965, replacing the Gulf rupee at par, and has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
The BHD is widely used in Bahrain for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.