Description
GIP is the abbreviation for the Gibraltar pound, the official currency for the country of Gibraltar. The Gibraltar pound is pegged at par value with the British pound sterling. The government of Gibraltar issues the GIP, and mints coins in £1, £2, £5, 1 pence, 2 pence, 5 pence, 10 pence, 20 pence and 50 pence, and it prints banknotes in £5, £10, £20, £50, and £100.
Source: en.wikipedia.org
