Convert Manx pound to Gibraltar Pound
Please provide values below to convert Manx pound [IMP] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Manx pound.
How to Convert Manx Pound to Gibraltar Pound
1 IMP = 1 GIP
Example: convert 15 IMP to GIP:
15 IMP = 15 × 1 GIP = 15 GIP
Manx Pound to Gibraltar Pound Conversion Table
| Manx pound | Gibraltar Pound |
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Manx Pound
The Manx pound (IMP) is the official currency of the Isle of Man, subdivided into 100 pence, and used as the island's legal tender.
History/Origin
The Manx pound has been in use since the Isle of Man established its own currency system, historically linked to the British pound, with banknotes issued by local banks since the 19th century.
Current Use
Today, the Manx pound is pegged to the British pound at par and is used alongside British currency for everyday transactions and local commerce on the Isle of Man.
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.