Convert Kuwaiti Dinar to Gibraltar Pound
Please provide values below to convert Kuwaiti Dinar [KWD] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Gibraltar Pound
1 KWD = 0.412535458597866 GIP
Example: convert 15 KWD to GIP:
15 KWD = 15 × 0.412535458597866 GIP = 6.18803187896799 GIP
Kuwaiti Dinar to Gibraltar Pound Conversion Table
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Kuwaiti Dinar
The Kuwaiti Dinar (KWD) is the official currency of Kuwait, used as the country's legal tender for all transactions.
History/Origin
The Kuwaiti Dinar was introduced in 1960, replacing the Gulf rupee at par. It was initially pegged to the British pound and later to the US dollar, maintaining a stable and strong currency due to Kuwait's oil wealth.
Current Use
Today, the Kuwaiti Dinar remains one of the highest-valued currencies globally, widely used within Kuwait for all financial transactions and recognized for its stability and strength in international markets.
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.