Convert Gibraltar Pound to Papua New Guinean Kina
Please provide values below to convert Gibraltar Pound [GIP] to Papua New Guinean Kina [PGK], or Convert Papua New Guinean Kina to Gibraltar Pound.
How to Convert Gibraltar Pound to Papua New Guinean Kina
1 GIP = 0.176287088631709 PGK
Example: convert 15 GIP to PGK:
15 GIP = 15 × 0.176287088631709 PGK = 2.64430632947564 PGK
Gibraltar Pound to Papua New Guinean Kina Conversion Table
| Gibraltar Pound | Papua New Guinean Kina |
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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.
Papua New Guinean Kina
The Papua New Guinean Kina (PGK) is the official currency of Papua New Guinea, used for all monetary transactions within the country.
History/Origin
Introduced in 1975, replacing the Australian dollar, the Kina was established to establish a national currency and promote economic independence for Papua New Guinea.
Current Use
The Kina is actively used in everyday transactions, banking, and trade within Papua New Guinea, with coins and banknotes issued by the country's central bank, the Bank of Papua New Guinea.