Gibraltar pound

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Template:Short description Template:EngvarB Template:Use dmy dates Script error: No such module "Infobox".Template:Template otherScript error: No such module "check for unknown parameters". The pound (sign: £; ISO code: GIP) is the currency of Gibraltar. It is pegged to – and exchangeable with – British pound sterling at par value. Coins and banknotes of the Gibraltar pound are issued by the Government of Gibraltar.[1]

History

Script error: No such module "Labelled list hatnote". Until 1872, the currency situation in Gibraltar was complicated, with a system based on the real being employed which encompassed British, Spanish and Gibraltarian coins. From 1825, the real (actually the Spanish real de plata) was tied to the pound at the rate of 1 Spanish dollar to 4 shillings 4 pence (equivalent to 21.67 pence today). In 1872, however, the Spanish currency became the sole legal tender in Gibraltar.[2] In 1898, the Spanish–American War made the Spanish peseta drop alarmingly and the pound was introduced as the sole currency of Gibraltar, initially in the form of British coins and banknotes.

In 1898, sterling coin was made sole legal tender, although the Spanish peseta continued in circulation until the Spanish Civil War.[2] Since 1927, Gibraltar has issued its own banknotes and, since 1988, its own coins. Gibraltar decimalised in 1971 at the same time as the UK, replacing the system of 1 pound = 20 shillings = 240 pence with one of 1 pound = 100 (new) pence.

Relationship with the British pound

The since repealed Currency Notes Act 1934,[3] conferred on the Government of Gibraltar the right to print its own notes.

Notes issued are either backed by Bank of England notes at a rate of one to one, or can be backed by securities issued by the Government of Gibraltar.[4] Although Gibraltar notes are denominated in "pounds sterling", they are not legal tender anywhere in the United Kingdom. Gibraltar's coins are the same weight, size and metal as British coins, although the designs are different, and they are occasionally found in circulation across Britain.

Under the Currency Notes Act 2011[4] the notes and coins issued by the Government of Gibraltar are legal tender and current coin within Gibraltar. British coins and Bank of England notes also circulate in Gibraltar and are universally accepted and interchangeable with Gibraltarian issues.[5]

Coins

Script error: No such module "Multiple image". In 1988, coins in denominations of 1, 2, 5, 10, 20 and 50 pence and 1 pound were introduced which bore specific designs for and the name of Gibraltar. They were the same sizes and compositions as the corresponding British coins, with 2-pound coins introduced in 1999. A new coin of 5 pounds was issued in 2010 with the inscription "Elizabeth II · Queen of Gibraltar".[6] This issue caused controversy in Spain, where the title of King of Gibraltar historically corresponds to the Crown of Castile.[7] In 2025 the Gibraltar National Mint issued the first 12-sided £1 coin, which reportedly saw high demand among collectors.[8]

Depiction of Gibraltar coinage | Reverse side
£0.01 £0.02 £0.05
File:One pence coin (Gibraltar).jpg
Script error: No such module "Check for unknown parameters".
File:Two pence coin (Gibraltar).jpg
Script error: No such module "Check for unknown parameters".
File:Five pence coin (Gibraltar).jpg
Script error: No such module "Check for unknown parameters".
Barbary partridge
Script error: No such module "Check for unknown parameters".
Europa Point Lighthouse
Script error: No such module "Check for unknown parameters".
Barbary macaque and
Gibraltar candytuft
Script error: No such module "Check for unknown parameters".
£0.10 £0.20 £0.50
File:Ten pence coin (Gibraltar).jpg
Script error: No such module "Check for unknown parameters".
File:Twenty Pence coin (Gibraltar).jpg
Script error: No such module "Check for unknown parameters".
File:Fifty pence coin (Gibraltar).jpg
Script error: No such module "Check for unknown parameters".
Europort
Script error: No such module "Check for unknown parameters".
Our Lady of Europe
Script error: No such module "Check for unknown parameters".
Bottlenose dolphins
Script error: No such module "Check for unknown parameters".
£1.00 £2.00
File:One pound coin (Gibraltar) reverse.png
Script error: No such module "Check for unknown parameters".
File:Two pound coin (Gibraltar).jpg
Script error: No such module "Check for unknown parameters".
Fortress and Key
Script error: No such module "Check for unknown parameters".
Pillars of Hercules
Script error: No such module "Check for unknown parameters".

The £2 coin has featured a new design every year since its introduction, as it depicts each of the 12 Labours of Hercules.

Tercentenary edition

In 2004 the Government of Gibraltar minted a new edition of its coins to commemorate the tercentenary of British Gibraltar (1704–2004).

£0.01 £0.02 £0.05
File:Gibraltar Tercentenary 1p coin.jpg
Script error: No such module "Check for unknown parameters".
File:Gibraltar Tercentenary 2p coin.jpg
Script error: No such module "Check for unknown parameters".
File:Gibraltar Tercentenary 5p coin.jpg
Script error: No such module "Check for unknown parameters".
Barbary macaque
Script error: No such module "Check for unknown parameters".
Keys of Gibraltar
Script error: No such module "Check for unknown parameters".
Constitution Order (1969)
Script error: No such module "Check for unknown parameters".
£0.10 £0.20 £0.50
File:Gibraltar Tercentenary 10p coin.jpg
Script error: No such module "Check for unknown parameters".
File:Gibraltar Tercentenary 20p coin.jpg
Script error: No such module "Check for unknown parameters".
File:Gibraltar Tercentenary 50p coin.jpg
Script error: No such module "Check for unknown parameters".
Operation Torch (1942)
Script error: No such module "Check for unknown parameters".
Discovery of Neanderthal
skull in Gibraltar (1848)
Script error: No such module "Check for unknown parameters".
Battle of Trafalgar (1805)
Script error: No such module "Check for unknown parameters".
£1.00 £2.00
File:Gibraltar Tercentenary £1 coin.jpg
File:Gibraltar Tercentenary £2 coin.jpg
Great Siege of Gibraltar
(1779–1783)
Script error: No such module "Check for unknown parameters".
Capture of Gibraltar
(1704)
Script error: No such module "Check for unknown parameters".

2005 series

In 2005, the Government of Gibraltar issued a new series of coins featuring the designs of the Tercentenary issues, being placed on different denominations. A£5 coin was issued for this series, depicting the Rock of Gibraltar.

Third series of Gibraltar coinage | Reverse side
£0.01 £0.02 £0.05
File:Blank.png
Script error: No such module "Check for unknown parameters".
File:Blank.png
Script error: No such module "Check for unknown parameters".
File:Blank.png
Script error: No such module "Check for unknown parameters".
Constitution Order (1969)
Script error: No such module "Check for unknown parameters".
Operation Torch (1942)
Script error: No such module "Check for unknown parameters".
Barbary ape
Script error: No such module "Check for unknown parameters".
£0.10 £0.20 £0.50
File:Blank.png
Script error: No such module "Check for unknown parameters".
File:Blank.png
Script error: No such module "Check for unknown parameters".
File:Blank.png
Script error: No such module "Check for unknown parameters".
The Great Siege (1779–1783)
Script error: No such module "Check for unknown parameters".
The Keys of Gibraltar
Script error: No such module "Check for unknown parameters".
Our Lady of Europe
Script error: No such module "Check for unknown parameters".
£1.00 £2.00 £5.00
File:Blank.png
Script error: No such module "Check for unknown parameters".
File:Blank.png
Script error: No such module "Check for unknown parameters".
File:Blank.png
Script error: No such module "Check for unknown parameters".
Discovery of the Neanderthal Skull in Gibraltar (1848)
Script error: No such module "Check for unknown parameters".
Battle of Trafalgar (1805)
Script error: No such module "Check for unknown parameters".
Rock of Gibraltar
Script error: No such module "Check for unknown parameters".
Fourth series of Gibraltar coinage | Reverse side
£0.01 £0.02 £0.05
File:Blank.png
Script error: No such module "Check for unknown parameters".
File:Blank.png
Script error: No such module "Check for unknown parameters".
File:Blank.png
Script error: No such module "Check for unknown parameters".
Coat of arms of Gibraltar with inscription "Fiftieth Anniversary of the Referendum"
Script error: No such module "Check for unknown parameters".
Coat of arms of Gibraltar with inscription "Fiftieth Anniversary of the Referendum"
Script error: No such module "Check for unknown parameters".
Coat of arms of Gibraltar with inscription "Fiftieth Anniversary of the Referendum"
Script error: No such module "Check for unknown parameters".
£0.10 £0.20 £0.50
File:Blank.png
Script error: No such module "Check for unknown parameters".
File:Blank.png
Script error: No such module "Check for unknown parameters".
File:Blank.png
Script error: No such module "Check for unknown parameters".
Coat of arms of Gibraltar with inscription "Fiftieth Anniversary of the Referendum" (1779–1783)
Script error: No such module "Check for unknown parameters".
Coat of arms of Gibraltar with inscription "Fiftieth Anniversary of the Referendum"
Script error: No such module "Check for unknown parameters".
Coat of arms of Gibraltar with inscription "Fiftieth Anniversary of the Referendum"
Script error: No such module "Check for unknown parameters".
£1.00
File:Blank.png
Script error: No such module "Check for unknown parameters".
File:Blank.png
Script error: No such module "Check for unknown parameters".
Coat of arms of Gibraltar with inscription "Fiftieth Anniversary of the Referendum" (1848)
Script error: No such module "Check for unknown parameters".
Seventh series of Gibraltar coinage | Reverse side
£0.01 £0.02 £0.05
File:Blank.png
Script error: No such module "Check for unknown parameters".
File:Blank.png
Script error: No such module "Check for unknown parameters".
File:Blank.png
Script error: No such module "Check for unknown parameters".
Commonwealth Park
Script error: No such module "Check for unknown parameters".
Small Boats Marina
Script error: No such module "Check for unknown parameters".
Windsor Bridge
Script error: No such module "Check for unknown parameters".
£0.10 £0.20 £0.50
File:Blank.png
Script error: No such module "Check for unknown parameters".
File:Blank.png
Script error: No such module "Check for unknown parameters".
File:Blank.png
Script error: No such module "Check for unknown parameters".
Barbary Patridge
Script error: No such module "Check for unknown parameters".
Dolphins
Script error: No such module "Check for unknown parameters".
Skywalk
Script error: No such module "Check for unknown parameters".
£2.00
File:Blank.png
Script error: No such module "Check for unknown parameters".
Sandy Bay
Script error: No such module "Check for unknown parameters".

Banknotes

At the outbreak of the First World War, Gibraltar was forced to issue banknotes to prevent paying out sterling or gold. These notes were issued under emergency wartime legislation, Ordinance 10 of 1914. At first, the typeset notes were signed by hand by Treasurer Greenwood, though he later used stamps. The notes bore the embossed stamp of the Anglo-Egyptian Bank Ltd. and circulated alongside British Territory notes.[9] The 1914 notes were issued in denominations of 2/-, 10/-, £1, £5 and £50. The 2/- and £50 notes were not continued when a new series of notes was introduced in 1927. The 10/- note was replaced by the 50p coin during the process of decimalisation. In 1975, £10 and £20 notes were introduced, followed by £50 in 1986. The £1 note was discontinued in 1988. In 1995, a new series of notes was introduced which, for the first time, bore the words "pounds sterling" rather than just "pounds". The government of Gibraltar introduced a new series of banknotes beginning with the £10 and £50 notes issued on 8 July 2010. On 11 May 2011, the £5, £20 and £100 notes were issued.[10] In 2021, the government of Gibraltar introduced a new series of banknotes in a reduced size, closely matching that of the banknotes of the Bank of England. The first note, the £5 was issued into circulation in 2021.

Circulating banknotes (2010–2011 Issue)
Image Denomination Dimensions Dominant colour Description
Obverse Reverse Obverse Reverse
£5 Script error: No such module "convert". Green Queen Elizabeth II,
Coat of Arms of Castle with Key		 Upper Ward and Tower of Homage of the Moorish castle
£10 Script error: No such module "convert". Blue Artist John Trumbull’s "The Sortie Made by the Garrison of Gibraltar" depicting Spanish and English troops fighting and General George Eliott with officers attending to the dying Don José de Barboza during the Great Siege of Gibraltar, 1779–83;
£20 Script error: No such module "convert". Orange HMS Victory returning to Gibraltar being towed by HMS Neptune after the Battle of Trafalgar
£50 Script error: No such module "convert". Red Casemates Square buildings
£100 Script error: No such module "convert". Purple King's Bastion
Circulating banknotes (2021 Issue)
Image Denomination Dimensions Dominant colour Description
Obverse Reverse Obverse Reverse
£5 Script error: No such module "convert". Green Queen Elizabeth II,
Coat of Arms of Castle with Key		 Windsor Bridge
Current GIP exchange rates
From Google Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD GBP JPY USD
From Yahoo! Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD GBP JPY USD
From XE.com: AUD CAD CHF CNY EUR GBP HKD JPY USD GBP JPY USD
From OANDA: AUD CAD CHF CNY EUR GBP HKD JPY USD GBP JPY USD

See also

References

<templatestyles src="Reflist/styles.css" />

  1. ↑ Script error: No such module "citation/CS1".
  2. ↑ a b Script error: No such module "citation/CS1".
  3. ↑ Script error: No such module "citation/CS1".
  4. ↑ a b Script error: No such module "citation/CS1".
  5. ↑ Script error: No such module "citation/CS1".
  6. ↑ 'Queen of Gibraltar' in new coin Template:Webarchive, Panorama, 7 May 2010
  7. ↑ Polémica en ámbitos diplomáticos por la asistencia de la reina doña Sofía a los actos de homenaje a Isabel II: consideran que puede perjudicar los intereses soberanos españolesScript error: No such module "Unsubst"., El Confidencial Digital, 6 May 2012
  8. ↑ Gibraltar Chronicle. Gibraltar National Mint participates in Berlin World Money Show. Retrieved 15 February 2025.
  9. ↑ Script error: No such module "citation/CS1".
  10. ↑ Script error: No such module "citation/CS1".

Script error: No such module "Check for unknown parameters".

Bibliography

<templatestyles src="Refbegin/styles.css" />

  • Script error: No such module "citation/CS1".
  • Script error: No such module "citation/CS1".

External links

Template:Sister project

Script error: No such module "Navbox". Script error: No such module "Navbox". Script error: No such module "Navbox". Script error: No such module "Navbox". Script error: No such module "Navbox". Template:Portal bar

Retrieved from "http://debianws.lexgopc.com/wiki143/index.php?title=Gibraltar_pound&oldid=5602856"