Convert Gibraltar Pound to Cambodian Riel
Please provide values below to convert Gibraltar Pound [GIP] to Cambodian Riel [KHR], or Convert Cambodian Riel to Gibraltar Pound.
How to Convert Gibraltar Pound to Cambodian Riel
1 GIP = 0.000184382032398087 KHR
Example: convert 15 GIP to KHR:
15 GIP = 15 × 0.000184382032398087 KHR = 0.00276573048597131 KHR
Gibraltar Pound to Cambodian Riel Conversion Table
| Gibraltar Pound | Cambodian Riel |
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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.
Cambodian Riel
The Cambodian Riel (KHR) is the official currency of Cambodia, used for everyday transactions and priced in the local economy.
History/Origin
The Riel was introduced in 1953, replacing the French Indochinese piastre, and has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the Riel is primarily used domestically for most transactions, alongside the US dollar, which is also widely accepted in Cambodia.