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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 East Caribbean Dollar (XCD) is the official currency used by eight countries and territories in the Eastern Caribbean region. It is managed by the Eastern Caribbean Central Bank (ECCB) and is pegged to the US dollar, which provides stability and confidence in its value across the region.