GIP

Currency abbreviation of the Gibraltar pound, the official currency of Gibraltar. The currency is pegged at par value with the British pound sterling. The country’s government issues the currency, and mints coins in 1, 2 5, 10, 20, and 50 pence, and also £1 and £2 denominations. It also has banknotes in 5, 10, 20, and 50 pound notes.