Convert Egyptian Pound to Gibraltar Pound
Please provide values below to convert Egyptian Pound [EGP] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Egyptian Pound.
How to Convert Egyptian Pound to Gibraltar Pound
1 EGP = 66.2888018370931 GIP
Example: convert 15 EGP to GIP:
15 EGP = 15 × 66.2888018370931 GIP = 994.332027556396 GIP
Egyptian Pound to Gibraltar Pound Conversion Table
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Egyptian Pound
The Egyptian Pound (EGP) is the official currency of Egypt, used for all monetary transactions within the country.
History/Origin
The Egyptian Pound was introduced in 1898, replacing the Egyptian piastre, and has undergone various reforms and decimalization over the years to modernize the currency system.
Current Use
Today, the Egyptian Pound is the primary currency in Egypt, issued and regulated by the Central Bank of Egypt, and is used in everyday transactions, banking, 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.