Convert Gibraltar Pound to Namibian Dollar
Please provide values below to convert Gibraltar Pound [GIP] to Namibian Dollar [NAD], or Convert Namibian Dollar to Gibraltar Pound.
How to Convert Gibraltar Pound to Namibian Dollar
1 GIP = 0.042142235024222 NAD
Example: convert 15 GIP to NAD:
15 GIP = 15 × 0.042142235024222 NAD = 0.632133525363329 NAD
Gibraltar Pound to Namibian Dollar Conversion Table
| Gibraltar Pound | Namibian Dollar |
|---|
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.
Namibian Dollar
The Namibian Dollar (NAD) is the official currency of Namibia, used for all monetary transactions within the country.
History/Origin
Introduced in 1993, replacing the South African Rand at par, the Namibian Dollar was established to establish a distinct national currency following independence from South Africa.
Current Use
The NAD is widely used in Namibia for everyday transactions, banking, and trade, and is pegged at par with the South African Rand, which is also accepted in Namibia.