Convert Icelandic Króna to Gibraltar Pound
Please provide values below to convert Icelandic Króna [ISK] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Icelandic Króna.
How to Convert Icelandic Króna to Gibraltar Pound
1 ISK = 164.40834796704 GIP
Example: convert 15 ISK to GIP:
15 ISK = 15 × 164.40834796704 GIP = 2466.12521950561 GIP
Icelandic Króna to Gibraltar Pound Conversion Table
| Icelandic Króna | Gibraltar Pound |
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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.
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.