Convert Gambian Dalasi to Gibraltar Pound
Please provide values below to convert Gambian Dalasi [GMD] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Gambian Dalasi.
How to Convert Gambian Dalasi to Gibraltar Pound
1 GMD = 98.3127110630825 GIP
Example: convert 15 GMD to GIP:
15 GMD = 15 × 98.3127110630825 GIP = 1474.69066594624 GIP
Gambian Dalasi to Gibraltar Pound Conversion Table
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Gambian Dalasi
The Gambian Dalasi (GMD) is the official currency of The Gambia, used for all monetary transactions within the country.
History/Origin
The Dalasi was introduced in 1979, replacing the Gambian Pound at a rate of 1 Dalasi = 10 Pounds, to modernize the country's currency system.
Current Use
The Gambian Dalasi is actively used as the primary currency in The Gambia, with coins and banknotes circulating for everyday transactions and trade.
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.