Convert Gibraltar Pound to Indonesian Rupiah
Please provide values below to convert Gibraltar Pound [GIP] to Indonesian Rupiah [IDR], or Convert Indonesian Rupiah to Gibraltar Pound.
How to Convert Gibraltar Pound to Indonesian Rupiah
1 GIP = 4.5450813746998e-05 IDR
Example: convert 15 GIP to IDR:
15 GIP = 15 × 4.5450813746998e-05 IDR = 0.00068176220620497 IDR
Gibraltar Pound to Indonesian Rupiah Conversion Table
| Gibraltar Pound | Indonesian Rupiah |
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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.
Indonesian Rupiah
The Indonesian Rupiah (IDR) is the official currency of Indonesia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Rupiah was introduced in 1946 to replace the Dutch East Indies gulden. It has undergone various reforms and redenominations over the years, especially following Indonesia's independence and economic changes, to stabilize the economy and control inflation.
Current Use
Today, the Rupiah is widely used across Indonesia for all forms of financial transactions, including cash payments, banking, and digital transactions. It remains the official legal tender of Indonesia.