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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 Kazakhstani Tenge (KZT) is the official currency of Kazakhstan, introduced in 1993 following the country's independence from the Soviet Union. It serves as a medium of exchange for goods and services within Kazakhstan and plays a crucial role in the country's economy and monetary policy.