Convert Gibraltar Pound to Guinean Franc
Please provide values below to convert Gibraltar Pound [GIP] to Guinean Franc [GNF], or Convert Guinean Franc to Gibraltar Pound.
How to Convert Gibraltar Pound to Guinean Franc
1 GIP = 8.51391798452986e-05 GNF
Example: convert 15 GIP to GNF:
15 GIP = 15 × 8.51391798452986e-05 GNF = 0.00127708769767948 GNF
Gibraltar Pound to Guinean Franc Conversion Table
| Gibraltar Pound | Guinean Franc |
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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.
Guinean Franc
The Guinean Franc (GNF) is the official currency of Guinea, used for all monetary transactions within the country.
History/Origin
The Guinean Franc was introduced in 1959, replacing the French CFA franc, following Guinea's independence, and has undergone various redenominations since then.
Current Use
Today, the GNF is used exclusively within Guinea for everyday transactions, banking, and trade, and is issued by the Central Bank of the Republic of Guinea.