Convert Gibraltar Pound to Icelandic Króna
Please provide values below to convert Gibraltar Pound [GIP] to Icelandic Króna [ISK], or Convert Icelandic Króna to Gibraltar Pound.
How to Convert Gibraltar Pound to Icelandic Króna
1 GIP = 0.00608241620553522 ISK
Example: convert 15 GIP to ISK:
15 GIP = 15 × 0.00608241620553522 ISK = 0.0912362430830283 ISK
Gibraltar Pound to Icelandic Króna Conversion Table
| Gibraltar Pound | Icelandic Króna |
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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.
Icelandic Króna
The Icelandic Króna (ISK) is the official currency of Iceland, used as the country's primary medium of exchange.
History/Origin
The Króna was introduced in 1981, replacing the Icelandic Krona at par, and has undergone various redenominations and reforms since its inception.
Current Use
The ISK is actively used in Iceland for all financial transactions, including cash, banking, and electronic payments, and is managed by the Central Bank of Iceland.