Convert Gibraltar Pound to Bhutanese Ngultrum
Please provide values below to convert Gibraltar Pound [GIP] to Bhutanese Ngultrum [BTN], or Convert Bhutanese Ngultrum to Gibraltar Pound.
How to Convert Gibraltar Pound to Bhutanese Ngultrum
1 GIP = 0.00856992365440159 BTN
Example: convert 15 GIP to BTN:
15 GIP = 15 × 0.00856992365440159 BTN = 0.128548854816024 BTN
Gibraltar Pound to Bhutanese Ngultrum Conversion Table
| Gibraltar Pound | Bhutanese Ngultrum |
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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.
Bhutanese Ngultrum
The Bhutanese Ngultrum (BTN) is the official currency of Bhutan, used for all monetary transactions within the country.
History/Origin
Introduced in 1974, the Ngultrum replaced the Indian Rupee as Bhutan's official currency, establishing a separate national currency to promote economic independence.
Current Use
The Ngultrum remains the official currency of Bhutan, widely used in everyday transactions, with coins and banknotes issued by the Royal Monetary Authority of Bhutan.