Convert Gibraltar Pound to Rwandan Franc
Please provide values below to convert Gibraltar Pound [GIP] to Rwandan Franc [RWF], or Convert Rwandan Franc to Gibraltar Pound.
How to Convert Gibraltar Pound to Rwandan Franc
1 GIP = 0.000511478805929479 RWF
Example: convert 15 GIP to RWF:
15 GIP = 15 × 0.000511478805929479 RWF = 0.00767218208894218 RWF
Gibraltar Pound to Rwandan Franc Conversion Table
| Gibraltar Pound | Rwandan Franc |
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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.
Rwandan Franc
The Rwandan Franc (RWF) is the official currency of Rwanda, used for all monetary transactions within the country.
History/Origin
The Rwandan Franc was introduced in 1964, replacing the Rwandan Congolese franc, and has undergone various redenominations and updates since then to stabilize the economy and facilitate trade.
Current Use
Today, the Rwandan Franc is widely used in Rwanda for everyday transactions, banking, and trade, with coins and banknotes issued by the National Bank of Rwanda.