The Gibraltar Pounds is an official currency of Gibraltar with code GIP. It is exchangeable at par value with the British pound sterling. Banknotes of £5, £10, £20, £50, £100 and coins of 1p, 2p, 5p, 10p, 20p, 50p, £1, £2 and £5 are printed by Government of Gibraltar.
Gibraltar is recognized as British overseas territory placed in south of Iberian Peninsula. Under the Act 1934 Currency Notes, government of Gibraltar issued currency notes of Gibraltar Pounds. Currency under circulation used British name but with different design. In Gibraltar, unofficially many retail stores also accept Euro currency while Royal Gibraltar Post Office doesn’t accept Euro.