Converting from Gibraltar Pound (GIP) to São Tomé and Príncipe Dobra (STN)

What is Gibraltar Pound (GIP)

The Gibraltar Pound (GIP) is the official currency of Gibraltar, a small British Overseas Territory located at the southern tip of the Iberian Peninsula. It was introduced in 1927, replacing the previous currency, the Spanish peseta. The Gibraltar Pound is subdivided into 100 pence. It is pegged to the British Pound Sterling (GBP) at par, meaning 1 GIP equals 1 GBP.

The currency notes and coins are issued by the Government of Gibraltar, and they feature various symbols and figures that reflect the local culture and history. The banknotes come in denominations of £5, £10, £20, and £50, while the coins are available in 1p, 2p, 5p, 10p, 20p, 50p, £1, and £2. Even though Gibraltar is small and has a limited economy, the GIP is stable and recognized in the region.

What is São Tomé and Príncipe Dobra (STN)

The São Tomé and Príncipe Dobra (STN) is the official currency of the island nation of São Tomé and Príncipe, located in the Gulf of Guinea off the west coast of Central Africa. The Dobra has a unique history, having been introduced in 1977 to replace the São Tomé and Príncipe escudo. The Dobra is divided into 100 centavos.

The currency is issued by the Central Bank of São Tomé and Príncipe, and the design often features images that celebrate the islands' rich biodiversity and cultural heritage. Banknotes come in denominations of 1, 5, 10, 50, 100, 500, and 1,000 Dobra, while coins are available in smaller denominations such as 1, 5, 10, 20, and 50 centavos.

Exchange rates between currencies fluctuate regularly due to various economic factors, including inflation rates, interest rates, and political stability. For those looking to convert from Gibraltar Pounds to São Tomé and Príncipe Dobras, it is essential to check the current exchange rates.

To convert GIP to STN, you would typically multiply the amount in GIP by the current exchange rate. For example, if the exchange rate is ＄1 GIP = 30.5 STN＄, then converting 100 GIP would yield:

100 GIP × 30.5 STN/GIP = 3050 STN

Converting currencies can involve a fee, so it’s advisable to check with local banks or currency exchange services for the most accurate rates and lowest fees. Always ensure you have the most up-to-date information before making any conversions, as economy conditions can change rapidly.