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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 Laotian Kip (LAK) is the official currency of Laos, a landlocked country in Southeast Asia. It serves as the primary medium of exchange for goods and services within the country, facilitating trade and economic activities among its citizens and visitors.