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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 Russian Ruble (RUB) is the official currency of the Russian Federation and is subdivided into 100 kopecks. It serves as a medium of exchange for goods and services within Russia and is also used in some neighboring countries. The Ruble has a long history, dating back to the 13th century, and is an integral part of Russia's economy and financial system.