Convert Nigerian Naira to Gibraltar Pound
Please provide values below to convert Nigerian Naira [NGN] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Nigerian Naira.
How to Convert Nigerian Naira to Gibraltar Pound
1 NGN = 2067.67918411455 GIP
Example: convert 15 NGN to GIP:
15 NGN = 15 × 2067.67918411455 GIP = 31015.1877617182 GIP
Nigerian Naira to Gibraltar Pound Conversion Table
| Nigerian Naira | Gibraltar Pound |
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Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.
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.