Gibraltar Pound in Danish Krone

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.

DKK Danish Krone

Country of application:
Denmark, Greenland, Faroe Islands

Coin denominations in circulation:
20, 10, 5, 2, 1 krone, as well as 50 ore.

Denominations of banknotes in circulation:
1,000, 500, 200, 100 and 50 kroons.

History reference:
The Danish krone is the national currency of Denmark, which is also used in Greenland and the Faroe Islands. The Kingdom of Denmark is a community of states and self-governing territories united unde...r a constitutional monarchy, which consists of three autonomous entities: Denmark, Greenland and the Faroe Islands. The Danish currency is pegged to the euro at a fixed exchange rate of 7.4 kroons to 1 euro, which is expected to be maintained until the country joins the eurozone. The Danish currency is used for cash payments and wire transfers in Greenland. It is also in circulation in the Faroe Islands at a 1:1 local krone exchange rate.