Gibraltar Pound in Omani Rial

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.

OMR Omani Rial

Country of application:
Oman

Coin denominations in circulation:
5, 10, 25, 50 bytes.

Denominations of banknotes in circulation:
100 bays, 0.5, 1, 5, 10, 20, 50 riyals.

History reference:
The Omani rial is the national currency of the Sultanate of Oman, which has been in circulation on the territory of the state since 1974. The currency is issued by the Central Bank of Oman. In the 19...th century, the Indian rupee and the Maria Theresa thaler were used in monetary circulation. Since 1940, minting of coins in baizes has begun, and since 1948 - in rials. Rials and coins were minted in two types - Saidi rial and Dofari rial. On May 11, 1959, the Reserve Bank and the Government of India began issuing special banknotes - Persian Gulf rupees, which were not legal tender in India, while the rial and thaler continued to be used in circulation. Since June 1966, as a result of the devaluation of the rupee of the Persian Gulf, the Maria Theresa thaler remained in circulation. On May 7, 1970, the said rial, equivalent to the pound sterling, was declared the only legal currency in Oman.