Convert Gibraltar Pound to Mauritanian Ouguiya
Please provide values below to convert Gibraltar Pound [GIP] to Mauritanian Ouguiya [MRU], or Convert Mauritanian Ouguiya to Gibraltar Pound.
How to Convert Gibraltar Pound to Mauritanian Ouguiya
1 GIP = 0.0185254233470883 MRU
Example: convert 15 GIP to MRU:
15 GIP = 15 × 0.0185254233470883 MRU = 0.277881350206325 MRU
Gibraltar Pound to Mauritanian Ouguiya Conversion Table
| Gibraltar Pound | Mauritanian Ouguiya |
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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.
Mauritanian Ouguiya
The Mauritanian Ouguiya (MRU) is the official currency of Mauritania, used for all monetary transactions within the country.
History/Origin
The Ouguiya was introduced in 1973, replacing the CFA franc at par, and has undergone various redenominations and updates since its inception to modernize the currency system.
Current Use
Today, the MRU is actively used in Mauritania for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of West African States (BCEAO).