Convert Gibraltar Pound to Japanese Yen
Please provide values below to convert Gibraltar Pound [GIP] to Japanese Yen [JPY], or Convert Japanese Yen to Gibraltar Pound.
How to Convert Gibraltar Pound to Japanese Yen
1 GIP = 0.00504184396776707 JPY
Example: convert 15 GIP to JPY:
15 GIP = 15 × 0.00504184396776707 JPY = 0.075627659516506 JPY
Gibraltar Pound to Japanese Yen 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.
Japanese Yen
The Japanese Yen (JPY) is the official currency of Japan, used as the country's primary medium of exchange.
History/Origin
Introduced in 1871 during the Meiji Restoration, the Yen replaced the previous complex monetary system and has undergone various reforms, including decimalization in 1954, to modernize Japan's currency system.
Current Use
The Yen is widely used in Japan for everyday transactions, banking, and international trade, and is one of the most traded currencies globally.