Convert Gibraltar Pound to Bahamian Dollar
Please provide values below to convert Gibraltar Pound [GIP] to Bahamian Dollar [BSD], or Convert Bahamian Dollar to Gibraltar Pound.
How to Convert Gibraltar Pound to Bahamian Dollar
1 GIP = 0.7403 BSD
Example: convert 15 GIP to BSD:
15 GIP = 15 × 0.7403 BSD = 11.1045 BSD
Gibraltar Pound to Bahamian Dollar Conversion Table
| Gibraltar Pound | Bahamian Dollar |
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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.
Bahamian Dollar
The Bahamian Dollar (BSD) is the official currency of The Bahamas, subdivided into 100 cents, used for all monetary transactions within the country.
History/Origin
Introduced in 1966, replacing the Bahamian pound, the Bahamian Dollar was initially pegged to the US dollar at par and has maintained a stable exchange rate since its inception.
Current Use
The Bahamian Dollar is widely used across The Bahamas for everyday transactions, banking, and trade, and is also accepted in some neighboring regions and for tourism-related activities.