Convert Gibraltar Pound to Cape Verdean Escudo
Please provide values below to convert Gibraltar Pound [GIP] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Gibraltar Pound.
How to Convert Gibraltar Pound to Cape Verdean Escudo
1 GIP = 0.00787656257148542 CVE
Example: convert 15 GIP to CVE:
15 GIP = 15 × 0.00787656257148542 CVE = 0.118148438572281 CVE
Gibraltar Pound to Cape Verdean Escudo Conversion Table
| Gibraltar Pound | Cape Verdean Escudo |
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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.
Cape Verdean Escudo
The Cape Verdean Escudo (CVE) is the official currency of Cape Verde, used for all monetary transactions within the country.
History/Origin
Introduced in 1914, the Escudo replaced the Cape Verdean real and has undergone various reforms, with the current version established in 1992 to stabilize the economy and modernize the currency system.
Current Use
The CVE is actively used as the legal tender in Cape Verde, with banknotes and coins circulating nationwide, and it is pegged to the Euro at a fixed rate for stability.