Convert Gibraltar Pound to Paraguayan Guarani
Please provide values below to convert Gibraltar Pound [GIP] to Paraguayan Guarani [PYG], or Convert Paraguayan Guarani to Gibraltar Pound.
How to Convert Gibraltar Pound to Paraguayan Guarani
1 GIP = 9.59916379004032e-05 PYG
Example: convert 15 GIP to PYG:
15 GIP = 15 × 9.59916379004032e-05 PYG = 0.00143987456850605 PYG
Gibraltar Pound to Paraguayan Guarani Conversion Table
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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.
Paraguayan Guarani
The Paraguayan Guarani (PYG) is the official currency of Paraguay, used for all monetary transactions within the country.
History/Origin
The Guarani was introduced in 1943, replacing the peso at a rate of 1 Guarani = 1 peso, and has undergone various redenominations and reforms since then to stabilize the economy.
Current Use
Today, the Guarani remains the national currency of Paraguay, widely used in everyday commerce, banking, and financial transactions across the country.