Convert Gibraltar Pound to Chinese Yuan (Offshore)
Please provide values below to convert Gibraltar Pound [GIP] to Chinese Yuan (Offshore) [CNH], or Convert Chinese Yuan (Offshore) to Gibraltar Pound.
How to Convert Gibraltar Pound to Chinese Yuan (Offshore)
1 GIP = 0.103227782008247 CNH
Example: convert 15 GIP to CNH:
15 GIP = 15 × 0.103227782008247 CNH = 1.5484167301237 CNH
Gibraltar Pound to Chinese Yuan (Offshore) Conversion Table
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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.
Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.