1 VEF to GIP Gibraltar Pound

December 20, 2022 by pkr_to_usd_786

1 VEF to GIP Gibraltar Pound
Venezuela Bolvar , The bolvar [boli.a] is the official currency of Venezuela. Named after the hero of Latin American independence Simn Bolvar, it was introduce … >>> Find out more from wikipedia. category >>> VEF

1 VEF to GIP Gibraltar Pound

1 Venezuelan Bolívar ( VEF ) = 2.3899155386471E-7 Gibraltar Pound (GIP)

1 VEF = 2.3899155386471E-7 GIP

1 GIP = 4184248.2875612 VEF

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1 Venezuelan Bolívar ( VEF ) Is equal to 2.3899155386471E-7 Gibraltar Pound (GIP)
Venezuela Bolívar
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Venezuelan Bolívar

Venezuela Bolívar , The bolívar [boˈli.β̞aɾ] is the official currency of Venezuela. Named after the hero of Latin American independence Simón Bolívar, it was introduced following the monetary reform in 1879, before which the venezolano was circulating. Due to its decade-long reliance on silver and gold standards, and then on a peg to the United States dollar, it was considered among the most stable currencies and was internationally accepted until 1964, when the government decided to adopt a floating exchange rate instead. Since 1983, the currency has experienced a prolonged period of high inflation, losing value almost 500-fold against the US dollar in the process. The depreciation became manageable in mid-2000s, but it still stayed in double digits. It was then, on 1 January 2008, that the hard bolívar (bolívar fuerte in Spanish, sign: Bs.F, code: VEF) replaced the original bolívar (sign: Bs; code: VEB) at a rate of Bs.F 1 to Bs. 1,000 (the abbreviation Bs. is due to the first and the final letters of the plural form of the currency's name, bolívares). The value of the hard bolívar, pegged to the US dollar, did not stay stable for long despite attempts to institute capital controls. Venezuela entered another period of abnormally high inflation in 2012, which the country hasn't exited since. The central bank stuck to the pegged subsidised exchange rate until January 2018, which was overpriced so people began using parallel exchange rates despite a ban on publishing them. From 2016 to 2019 and again in 2020, the currency experienced hyperinflation for a total period of 38 months. The rampant inflation prompted two redenominations. The first occurred in August 2018, when Bs.F 100,000 were exchanged for 1 sovereign bolívar (bolívar soberano in Spanish, sign: Bs.S, code: VES), and another one happened on 1 October 2021, but called "Nueva expresión monetaria" or new monetary expression, which removes 6 zeros from the currency without affecting its denomination but did introduce a new ISO code [a] at a rate of Bs.S 1,000,000 = Bs.D 1, thus making Bs.D 1 worth Bs. 100,000,000,000,000 (1014, or Bs. 100 trillion in short scale) Both currencies are in circulation, though the economy has undergone extensive currency substitution, so the majority of transactions happen in US dollars, or, to a lesser extent, the Colombian peso. Find out more from wikipedia

Gibraltar Pound

Gibraltar Pound ,The Gibraltar Pound is issued by the Government of Gibraltar under the Currency Notes Act 1934. Its treasury contains coins of £1, £2, £5, 1p, 2p, 5p, 10p, 20p and 50p. It prints £5, £10, £20, £50 and £100 banknotes. Circulating banknotes and coins use British names but have different designs. They are only accepted in Gibraltar. GIP is not recognized in the UK, although it can be exchanged for British pound sterling banknotes at a one-to-one ratio. However, British coins and notes issued by the Bank of England are legal tender in Gibraltar. Most retail shops in Gibraltar also unofficially accept euros (although the Royal Gibraltar Post Office does not). Gibraltar introduced decimalization of its currency in 1971, like the United Kingdom, replacing the 1 pound = 20 shillings = 240 pence system with the (new) 1 pound = 100 pence system. The Economy of Gibraltar Located in the south of the Iberian Peninsula, Gibraltar is officially a British overseas territory. Gibraltar's economy was dominated by the British military, and its naval yard has historically been a center of economic activity. However, over the past few decades, military activity and business has declined, from 60% in 1984 to about 7% today. 1 Gibraltar's economy is currently based on financial services, online gaming, navigation and tourism. The country remains an important port in the Mediterranean, and bunkering - the provision of fuel to ships - is another important industry. History of the Gibraltar Pound From 1825 to 1872 the currency situation in Gibraltar was complex, with a system based on the Spanish real de plata which included British, Spanish and Gibraltar coins. The real was valued at four shillings four pence (equivalent to 21.67 pence today) to the pound to one Spanish dollar. However, in 1872 Spanish currency became the only legal tender in the country. Then, in 1898, due to the Spanish-American War, the value of the Spanish currency collapsed. As a result, the pound was introduced as the official coin of the kingdom – initially in the form of British coins and banknotes, although Spanish money continued to circulate. Gibraltar began issuing its own banknotes in 1927 - the official birth of the Gibraltar pound - and its own coins in 1988. Coins were 1p, 2p, 5p, 10p, 20p and 50p as well as 1p coins with unique designs. and country name. In 2011, the Government of Gibraltar assumed sole responsibility for the design, printing and production of banknotes, taking over duties previously held by the British Government. In 2016 the Government of Gibraltar issued a new £100 note. The note featuring Sir Joshua Hassan, Gibraltar's first Prime Minister and architect of the territory's self-government, was the world's first Safeguard polymer-backed holographic foil note. 2 Gibraltar currency issues In 1975, the £10 and £20 notes were introduced, followed by the £50 note in 1986. New series of banknotes were issued in 1995 and 2010-11. Two pound coins were introduced in 1999. Since its release, the £2 coin has been redesigned each year to depict each of the 12 labors of Hercules. In 2004, the Government of Gibraltar produced a new series of its own coins to commemorate the centenary of British Gibraltar (1704-2004). In 2010, a new £5 coin was issued with the inscription "Elizabeth II • Queen of Gibraltar".
Find out more from wikipedia

Convertion Chart VEF to GIP
VEF		GIP


5 VEF	=	0 GIP
10 VEF	=	0 GIP
15 VEF	=	0 GIP
20 VEF	=	0 GIP
25 VEF	=	0 GIP
30 VEF	=	0 GIP
35 VEF	=	0 GIP
40 VEF	=	0 GIP
45 VEF	=	0 GIP
50 VEF	=	0 GIP
55 VEF	=	0 GIP
60 VEF	=	0 GIP
65 VEF	=	0 GIP
70 VEF	=	0 GIP
75 VEF	=	0 GIP
80 VEF	=	0 GIP
85 VEF	=	0 GIP
90 VEF	=	0 GIP
95 VEF	=	0 GIP
100 VEF	=	0 GIP
105 VEF	=	0 GIP
110 VEF	=	0 GIP
115 VEF	=	0 GIP
120 VEF	=	0 GIP
125 VEF	=	0 GIP
130 VEF	=	0 GIP
135 VEF	=	0 GIP
140 VEF	=	0 GIP
145 VEF	=	0 GIP
150 VEF	=	0 GIP
155 VEF	=	0 GIP
160 VEF	=	0 GIP
165 VEF	=	0 GIP
170 VEF	=	0 GIP
175 VEF	=	0 GIP
180 VEF	=	0 GIP
185 VEF	=	0 GIP
190 VEF	=	0 GIP
195 VEF	=	0 GIP
200 VEF	=	0 GIP
205 VEF	=	0 GIP
210 VEF	=	0.0001 GIP
215 VEF	=	0.0001 GIP
220 VEF	=	0.0001 GIP
225 VEF	=	0.0001 GIP
230 VEF	=	0.0001 GIP
235 VEF	=	0.0001 GIP
240 VEF	=	0.0001 GIP
245 VEF	=	0.0001 GIP
250 VEF	=	0.0001 GIP
255 VEF	=	0.0001 GIP
260 VEF	=	0.0001 GIP
265 VEF	=	0.0001 GIP
270 VEF	=	0.0001 GIP
275 VEF	=	0.0001 GIP
280 VEF	=	0.0001 GIP
285 VEF	=	0.0001 GIP
290 VEF	=	0.0001 GIP
295 VEF	=	0.0001 GIP
300 VEF	=	0.0001 GIP
305 VEF	=	0.0001 GIP
310 VEF	=	0.0001 GIP
315 VEF	=	0.0001 GIP
320 VEF	=	0.0001 GIP
325 VEF	=	0.0001 GIP
330 VEF	=	0.0001 GIP
335 VEF	=	0.0001 GIP
340 VEF	=	0.0001 GIP
345 VEF	=	0.0001 GIP
350 VEF	=	0.0001 GIP
355 VEF	=	0.0001 GIP
360 VEF	=	0.0001 GIP
365 VEF	=	0.0001 GIP
370 VEF	=	0.0001 GIP
375 VEF	=	0.0001 GIP
380 VEF	=	0.0001 GIP
385 VEF	=	0.0001 GIP
390 VEF	=	0.0001 GIP
395 VEF	=	0.0001 GIP
400 VEF	=	0.0001 GIP
405 VEF	=	0.0001 GIP
410 VEF	=	0.0001 GIP
415 VEF	=	0.0001 GIP
420 VEF	=	0.0001 GIP
425 VEF	=	0.0001 GIP
430 VEF	=	0.0001 GIP
435 VEF	=	0.0001 GIP
440 VEF	=	0.0001 GIP
445 VEF	=	0.0001 GIP
450 VEF	=	0.0001 GIP
455 VEF	=	0.0001 GIP
460 VEF	=	0.0001 GIP
465 VEF	=	0.0001 GIP
470 VEF	=	0.0001 GIP
475 VEF	=	0.0001 GIP
480 VEF	=	0.0001 GIP
485 VEF	=	0.0001 GIP
490 VEF	=	0.0001 GIP
495 VEF	=	0.0001 GIP
500 VEF	=	0.0001 GIP

Convertion Chart GIP to VEF
Gibraltar Pound		VEF


5 GIP	=	20921241.4378 VEF
10 GIP	=	41842482.8756 VEF
15 GIP	=	62763724.3134 VEF
20 GIP	=	83684965.7512 VEF
25 GIP	=	104606207.189 VEF
30 GIP	=	125527448.6268 VEF
35 GIP	=	146448690.0646 VEF
40 GIP	=	167369931.5024 VEF
45 GIP	=	188291172.9403 VEF
50 GIP	=	209212414.3781 VEF
55 GIP	=	230133655.8159 VEF
60 GIP	=	251054897.2537 VEF
65 GIP	=	271976138.6915 VEF
70 GIP	=	292897380.1293 VEF
75 GIP	=	313818621.5671 VEF
80 GIP	=	334739863.0049 VEF
85 GIP	=	355661104.4427 VEF
90 GIP	=	376582345.8805 VEF
95 GIP	=	397503587.3183 VEF
100 GIP	=	418424828.7561 VEF
105 GIP	=	439346070.1939 VEF
110 GIP	=	460267311.6317 VEF
115 GIP	=	481188553.0695 VEF
120 GIP	=	502109794.5073 VEF
125 GIP	=	523031035.9452 VEF
130 GIP	=	543952277.383 VEF
135 GIP	=	564873518.8208 VEF
140 GIP	=	585794760.2586 VEF
145 GIP	=	606716001.6964 VEF
150 GIP	=	627637243.1342 VEF
155 GIP	=	648558484.572 VEF
160 GIP	=	669479726.0098 VEF
165 GIP	=	690400967.4476 VEF
170 GIP	=	711322208.8854 VEF
175 GIP	=	732243450.3232 VEF
180 GIP	=	753164691.761 VEF
185 GIP	=	774085933.1988 VEF
190 GIP	=	795007174.6366 VEF
195 GIP	=	815928416.0744 VEF
200 GIP	=	836849657.5122 VEF
205 GIP	=	857770898.9501 VEF
210 GIP	=	878692140.3879 VEF
215 GIP	=	899613381.8257 VEF
220 GIP	=	920534623.2635 VEF
225 GIP	=	941455864.7013 VEF
230 GIP	=	962377106.1391 VEF
235 GIP	=	983298347.5769 VEF
240 GIP	=	1004219589.0147 VEF
245 GIP	=	1025140830.4525 VEF
250 GIP	=	1046062071.8903 VEF
255 GIP	=	1066983313.3281 VEF
260 GIP	=	1087904554.7659 VEF
265 GIP	=	1108825796.2037 VEF
270 GIP	=	1129747037.6415 VEF
275 GIP	=	1150668279.0793 VEF
280 GIP	=	1171589520.5172 VEF
285 GIP	=	1192510761.955 VEF
290 GIP	=	1213432003.3928 VEF
295 GIP	=	1234353244.8306 VEF
300 GIP	=	1255274486.2684 VEF
305 GIP	=	1276195727.7062 VEF
310 GIP	=	1297116969.144 VEF
315 GIP	=	1318038210.5818 VEF
320 GIP	=	1338959452.0196 VEF
325 GIP	=	1359880693.4574 VEF
330 GIP	=	1380801934.8952 VEF
335 GIP	=	1401723176.333 VEF
340 GIP	=	1422644417.7708 VEF
345 GIP	=	1443565659.2086 VEF
350 GIP	=	1464486900.6464 VEF
355 GIP	=	1485408142.0842 VEF
360 GIP	=	1506329383.5221 VEF
365 GIP	=	1527250624.9599 VEF
370 GIP	=	1548171866.3977 VEF
375 GIP	=	1569093107.8355 VEF
380 GIP	=	1590014349.2733 VEF
385 GIP	=	1610935590.7111 VEF
390 GIP	=	1631856832.1489 VEF
395 GIP	=	1652778073.5867 VEF
400 GIP	=	1673699315.0245 VEF
405 GIP	=	1694620556.4623 VEF
410 GIP	=	1715541797.9001 VEF
415 GIP	=	1736463039.3379 VEF
420 GIP	=	1757384280.7757 VEF
425 GIP	=	1778305522.2135 VEF
430 GIP	=	1799226763.6513 VEF
435 GIP	=	1820148005.0891 VEF
440 GIP	=	1841069246.5269 VEF
445 GIP	=	1861990487.9648 VEF
450 GIP	=	1882911729.4026 VEF
455 GIP	=	1903832970.8404 VEF
460 GIP	=	1924754212.2782 VEF
465 GIP	=	1945675453.716 VEF
470 GIP	=	1966596695.1538 VEF
475 GIP	=	1987517936.5916 VEF
480 GIP	=	2008439178.0294 VEF
485 GIP	=	2029360419.4672 VEF
490 GIP	=	2050281660.905 VEF
495 GIP	=	2071202902.3428 VEF
500 GIP	=	2092124143.7806 VEF