Convert Gibraltar Pound to Kuwaiti Dinar
Please provide values below to convert Gibraltar Pound [GIP] to Kuwaiti Dinar [KWD], or Convert Kuwaiti Dinar to Gibraltar Pound.
How to Convert Gibraltar Pound to Kuwaiti Dinar
1 GIP = 2.42403405370007 KWD
Example: convert 15 GIP to KWD:
15 GIP = 15 × 2.42403405370007 KWD = 36.360510805501 KWD
Gibraltar Pound to Kuwaiti Dinar Conversion Table
| Gibraltar Pound | Kuwaiti Dinar |
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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.
Kuwaiti Dinar
The Kuwaiti Dinar (KWD) is the official currency of Kuwait, used as the country's legal tender for all transactions.
History/Origin
The Kuwaiti Dinar was introduced in 1960, replacing the Gulf rupee at par. It was initially pegged to the British pound and later to the US dollar, maintaining a stable and strong currency due to Kuwait's oil wealth.
Current Use
Today, the Kuwaiti Dinar remains one of the highest-valued currencies globally, widely used within Kuwait for all financial transactions and recognized for its stability and strength in international markets.