Convert Romanian Leu to Gibraltar Pound
Please provide values below to convert Romanian Leu [RON] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Romanian Leu.
How to Convert Romanian Leu to Gibraltar Pound
1 RON = 5.85384303660678 GIP
Example: convert 15 RON to GIP:
15 RON = 15 × 5.85384303660678 GIP = 87.8076455491017 GIP
Romanian Leu to Gibraltar Pound Conversion Table
| Romanian Leu | Gibraltar Pound |
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Romanian Leu
The Romanian Leu (RON) is the official currency of Romania, used for all monetary transactions within the country.
History/Origin
The Leu was first introduced in 1867, replaced by the Romanian Leu in 1952 after a currency reform, and has undergone several redenominations, with the current form established in 2005 to stabilize the economy.
Current Use
The RON is actively used as Romania's primary currency for everyday transactions, banking, and international trade, with coins and banknotes issued by the National Bank of Romania.
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.