Convert Gibraltar Pound to Ugandan Shilling
Please provide values below to convert Gibraltar Pound [GIP] to Ugandan Shilling [UGX], or Convert Ugandan Shilling to Gibraltar Pound.
How to Convert Gibraltar Pound to Ugandan Shilling
1 GIP = 0.000207583915580559 UGX
Example: convert 15 GIP to UGX:
15 GIP = 15 × 0.000207583915580559 UGX = 0.00311375873370839 UGX
Gibraltar Pound to Ugandan Shilling Conversion Table
| Gibraltar Pound | Ugandan Shilling |
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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.
Ugandan Shilling
The Ugandan Shilling (UGX) is the official currency of Uganda, used for all monetary transactions within the country.
History/Origin
The Ugandan Shilling was introduced in 1966, replacing the East African Shilling, and has undergone various denominations and reforms over the years to stabilize the economy.
Current Use
Today, the UGX is widely used in Uganda for everyday transactions, banking, and trade, and is managed by the Bank of Uganda.