Convert Malaysian Ringgit to Gibraltar Pound
Please provide values below to convert Malaysian Ringgit [MYR] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Gibraltar Pound
1 MYR = 5.71579089558287 GIP
Example: convert 15 MYR to GIP:
15 MYR = 15 × 5.71579089558287 GIP = 85.7368634337431 GIP
Malaysian Ringgit to Gibraltar Pound Conversion Table
| Malaysian Ringgit | Gibraltar Pound |
|---|
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.
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.