Convert Gibraltar Pound to Uruguayan Peso
Please provide values below to convert Gibraltar Pound [GIP] to Uruguayan Peso [UYU], or Convert Uruguayan Peso to Gibraltar Pound.
How to Convert Gibraltar Pound to Uruguayan Peso
1 GIP = 0.0183697726297088 UYU
Example: convert 15 GIP to UYU:
15 GIP = 15 × 0.0183697726297088 UYU = 0.275546589445631 UYU
Gibraltar Pound to Uruguayan Peso Conversion Table
| Gibraltar Pound | Uruguayan Peso |
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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.
Uruguayan Peso
The Uruguayan Peso (UYU) is the official currency of Uruguay, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 to replace the Uruguayan Peso Moneda Nacional, the UYU has undergone various redenominations and monetary reforms to stabilize the economy and control inflation.
Current Use
The UYU is widely used in Uruguay for everyday transactions, banking, and trade, and is also accepted in some border regions of neighboring countries.