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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 Macanese Pataca (MOP) is the official currency of Macau, a Special Administrative Region of China. It is abbreviated as MOP and is subdivided into 100 avos, serving both as a medium of exchange and a store of value within the region's economy.