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Gibraltar pound

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Gibraltar £10

ISO 4217 Code GIP

User(s) Gibraltar

Inflation 1.5%

Source The World Factbook, 1998

Pegged with pound sterling at par

Subunit

1/100 penny

Symbol

penny p

Plural

penny pence

Coins 1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Banknotes £5, £10, £20, £50

Government

Government of Gibraltar

Website www.gibraltar.gov.gi

Gibraltar pound coin
obverse	reverse

The Gibraltar pound (ISO 4217 currency code: GIP) is the currency issued by the government of Gibraltar. It is equivalent to the pound sterling, with which it is exchangeable at par.

Initially, British currency circulated, supplemented by the real between 1842 and 1861. Since 1927, Gibraltar has issued its own banknotes and, since 1988, its own coins, although UK coins and banknotes continue to circulate and are widely accepted; Euros are also accepted by most of the high-street stores, but not the Post Office and Government departments. Gibraltar decimalised in 1971 at the same time as the UK. Gibraltar notes are not legal tender in the UK, but are exchangeable at a rate of 0.92:1 for UK notes at banks. The one pound coin is the same weight, size and colour as UK one pound coins, although it has a different design. Due to Gibraltar's popularity as a tourist destination, (compared with other Dependent territories which issue coinage at parity to Sterling) and the fact that the coins are almost identical to UK £1 coins, they can be found in circulation in the UK fairly frequently.

Current GIP exchange rates

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Gibraltar topics

History
Battle of Gibraltar • Treaty of Utrecht • Great Siege of Gibraltar • Death on the Rock • Aurora incident

Politics | Economy
Governor • Chief Minister • House of Assembly • Political parties • Elections (2006 constitutional referendum) • Disputed status | Gibraltar pound

Military | Infrastructure
Royal Gibraltar Regiment • RAF Gibraltar • HMS Gibraltar • Gibraltar Services Police | Communications • Transport • Royal Gibraltar Police

Symbols
Flag of Gibraltar • Coat of arms of Gibraltar • Gibraltar Anthem

Currencies of Europe
Eurozone	Euro
Northern	Danish krone \| Faroese króna \| Icelandic króna \| Norwegian krone \| Swedish krona
Baltic	Estonian kroon \| Latvian lats \| Lithuanian litas
Western	British pound \| Guernsey pound \| Jersey pound \| Manx pound
Central	Czech koruna \| Hungarian forint \| Polish złoty \| Slovak koruna \| Slovenian tolar \| Swiss franc
Eastern	Belarusian ruble \| Kazakhstani tenge \| Russian ruble \| Ukrainian hryvnia
Southeastern	Albanian lek \| Bulgarian lev \| Bosnia and Herzegovina convertible mark \| Croatian kuna \| Macedonian denar \| Moldovan leu \| Romanian leu \| Serbian dinar
Mediterranean	Cypriot pound \| Gibraltar pound \| Maltese lira \| Turkish new lira
Transcaucasia	Armenian dram \| Azerbaijani manat \| Georgian lari
Unrecognized Countries	Transnistrian ruble
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