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Gibraltar

Gibraltar Pound

GIP

Official currency of Gibraltar

£ Symbol

About the Gibraltar Pound

Gibraltar began issuing its own banknotes in 1927. The Gibraltar Pound is pegged at par with the British Pound Sterling and circulates alongside it.

The name 'Pound' is taken from the British Pound Sterling, to which it is pegged.

Interesting Facts

Interchangeable with Sterling

The Gibraltar Pound is a local variant of the Pound Sterling, pegged 1:1. UK coins and banknotes are also accepted in Gibraltar.

The Rock of Gibraltar

Gibraltar's currency often features the famous Rock of Gibraltar, a key symbol of the territory's strength and endurance.

A Hub for Shipping and Finance

Gibraltar's economy relies on its strategic location for shipping, as well as its status as an offshore financial center and a popular tourist destination.

Historical Timeline

1927

Gibraltar begins issuing its own pound notes.

Denominations

Banknotes

£5 Green
£10 Blue
£20 Orange
£50 Red
£100 Purple

Coins

1 penny
2 pence
5 pence
10 pence
20 pence
50 pence
1 pound
2 pounds
5 pounds

Security Features

Watermark Security thread Holographic elements See-through features Polymer notes for some denominations

Quick Facts

ISO Code
GIP
Symbol
£
Numeric Code
292
Subunit
Penny (1/100)
Introduced
1927-01-01

Central Bank

Name
Government of Gibraltar
Headquarters
Gibraltar
Visit Website

Economic Data

Reserve Currency Share
0.0%
Forex Volume Share
0.0%
Inflation Rate
2.9%

What Affects the GIP Exchange Rate?

One-to-one peg with the British Pound Sterling
Performance of the UK economy
Strength of Gibraltar's finance, tourism, and shipping sectors
Political relationship with the UK and Spain

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