Convert Gibraltar Pound to Russian Ruble
Please provide values below to convert Gibraltar Pound [GIP] to Russian Ruble [RUB], or Convert Russian Ruble to Gibraltar Pound.
How to Convert Gibraltar Pound to Russian Ruble
1 GIP = 0.00944134961688756 RUB
Example: convert 15 GIP to RUB:
15 GIP = 15 × 0.00944134961688756 RUB = 0.141620244253313 RUB
Gibraltar Pound to Russian Ruble Conversion Table
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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.
Russian Ruble
The Russian Ruble (RUB) is the official currency of Russia, used for everyday transactions and financial exchanges within the country.
History/Origin
The Ruble has been the currency of Russia for centuries, with origins dating back to the 13th century. It has undergone various reforms and redenominations, most notably after the Soviet Union's dissolution in 1991, establishing the modern RUB as the national currency.
Current Use
Today, the Russian Ruble is widely used throughout Russia for all forms of payment, including cash, electronic transfers, and banking transactions. It is also traded on international currency markets.