Convert Gibraltar Pound to Dominican Peso
Please provide values below to convert Gibraltar Pound [GIP] to Dominican Peso [DOP], or Convert Dominican Peso to Gibraltar Pound.
How to Convert Gibraltar Pound to Dominican Peso
1 GIP = 0.0122665738761578 DOP
Example: convert 15 GIP to DOP:
15 GIP = 15 × 0.0122665738761578 DOP = 0.183998608142367 DOP
Gibraltar Pound to Dominican Peso Conversion Table
| Gibraltar Pound | Dominican Peso |
|---|
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.
Dominican Peso
The Dominican Peso (DOP) is the official currency of the Dominican Republic, used for everyday transactions and financial exchanges within the country.
History/Origin
The Dominican Peso was introduced in 1947, replacing the Dominican Republic peso at a rate of 1 peso to 1 peso. It has undergone various reforms and decimalization over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the Dominican Peso remains the official currency of the Dominican Republic, widely used in all sectors of the economy, with banknotes and coins circulating throughout the country and in international transactions involving the Dominican Republic.