Gibraltar Pound in Chilean Peso

GIP Gibraltar Pound

Country of application:
Gibraltar

Coin denominations in circulation:
5, 10, 20, 50 Gibraltar pound.

Denominations of banknotes in circulation:
1, 2, 5, 10, 20, 50 pennies, 1, 2, 5 Gibraltar pound.

History reference:
The Gibraltar pound has been the national currency and money of Gibraltar since 1927, although Gibraltar received the right to print its banknotes only in 1934. The Gibraltar pound is pegged to the p...ound sterling at a ratio of 1:1. The name Gibraltar comes from the ancient Arabic language, where it literally means "Mount Tariq" - the Arab commander Tariq ibn Ziyad, who crossed Gibraltar to Europe to capture the Iberian Peninsula. Currently, Gibraltar has the status of a British Overseas Territory, with sufficient autonomy. Gibraltar, which is part of the United Kingdom of Great Britain and Northern Ireland, is part of the EEC and the EEC customs union, but is not included in the euro area, which allows the territory to adopt its own liberal tax and financial laws, being an offshore zone.

CLP Chilean Peso

Country of application:
Chile

Coin denominations in circulation:
1000, 2000, 5000, 10,000, 20,000 pesos.

Denominations of banknotes in circulation:
1, 5, 10, 50, 100, 500 pesos.

History reference:
CLP in the foreign exchange markets stands for the abbreviation for Chiles currency, known as the Chilean peso. The "old" peso was used as the currency in Chile between 1917 and 1959, when the escudo... (CLE) came into effect. The current (or new) Chilean peso was reintroduced on September 29, 1975, replacing the escudo with an exchange of 1 peso for 1,000 escudos. The Chilean people also refer to their currency as "lukoi" when referring to the 1,000 peso note, "quina" for the 500 peso coin, and "gamba" for the 100 peso coin. On September 29, 1975, instead of the escudo, the peso was reintroduced, the escudos were exchanged for 1000:1 pesos. During the years of the dictatorship, on the obverse of the 5 and 10 peso coins, the image of a winged woman breaking the chains was used, with the signature LIBERTAD (freedom) and the date of the military coup 9/11/1973 - the figure symbolized "liberation from Marxism". After the restoration of civil power in Chile, the design of the coins was changed, the image of the national hero Bernardo OHiggins was placed on the obverse.