Convert Gibraltar Pound to Myanma Kyat
Please provide values below to convert Gibraltar Pound [GIP] to Myanma Kyat [MMK], or Convert Myanma Kyat to Gibraltar Pound.
How to Convert Gibraltar Pound to Myanma Kyat
1 GIP = 0.00035221508461607 MMK
Example: convert 15 GIP to MMK:
15 GIP = 15 × 0.00035221508461607 MMK = 0.00528322626924105 MMK
Gibraltar Pound to Myanma Kyat Conversion Table
| Gibraltar Pound | Myanma Kyat |
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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.
Myanma Kyat
The Myanma Kyat (MMK) is the official currency of Myanmar, used for all monetary transactions within the country.
History/Origin
The Kyat was introduced in 1952, replacing the Indian Rupee, and has undergone several reforms and redenominations over the years to stabilize Myanmar's economy.
Current Use
Today, the Kyat is the primary currency in Myanmar, used in everyday transactions, banking, and financial markets, with banknotes and coins issued by the Central Bank of Myanmar.