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The Gibraltar Pound (GIP) is the official currency of Gibraltar, a British Overseas Territory located at the southern tip of the Iberian Peninsula. It is pegged to the British Pound Sterling (GBP) at par, meaning one Gibraltar Pound is equal to one British Pound. The GIP is primarily used for everyday transactions within Gibraltar, although the British Pound is also accepted widely.
The Bermudian Dollar (BMD) is the official currency of Bermuda, pegged to the US dollar at a one-to-one exchange rate. It is used primarily for all transactions within the territory and is accepted in various forms, including coins and banknotes.