Convert Gibraltar Pound to Maldivian Rufiyaa
Please provide values below to convert Gibraltar Pound [GIP] to Maldivian Rufiyaa [MVR], or Convert Maldivian Rufiyaa to Gibraltar Pound.
How to Convert Gibraltar Pound to Maldivian Rufiyaa
1 GIP = 0.0479524815069114 MVR
Example: convert 15 GIP to MVR:
15 GIP = 15 × 0.0479524815069114 MVR = 0.719287222603671 MVR
Gibraltar Pound to Maldivian Rufiyaa Conversion Table
| Gibraltar Pound | Maldivian Rufiyaa |
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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.
Maldivian Rufiyaa
The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, used for all monetary transactions within the country.
History/Origin
Introduced in 1981, the Maldivian Rufiyaa replaced the Maldivian Rupee at par, and has since been the nation's standard currency, with various banknotes and coins issued over the years.
Current Use
The MVR is widely used across the Maldives for daily transactions, tourism, and trade, and is managed by the Maldives Monetary Authority.