Convert Rwandan Franc to Gibraltar Pound
Please provide values below to convert Rwandan Franc [RWF] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Rwandan Franc.
How to Convert Rwandan Franc to Gibraltar Pound
1 RWF = 1955.11522355802 GIP
Example: convert 15 RWF to GIP:
15 RWF = 15 × 1955.11522355802 GIP = 29326.7283533703 GIP
Rwandan Franc to Gibraltar Pound Conversion Table
| Rwandan Franc | Gibraltar Pound |
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Rwandan Franc
The Rwandan Franc (RWF) is the official currency of Rwanda, used for all monetary transactions within the country.
History/Origin
The Rwandan Franc was introduced in 1964, replacing the Rwandan Congolese franc, and has undergone various redenominations and updates since then to stabilize the economy and facilitate trade.
Current Use
Today, the Rwandan Franc is widely used in Rwanda for everyday transactions, banking, and trade, with coins and banknotes issued by the National Bank of Rwanda.
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.