Investopedia

GIP

Filed Under » ,
Dictionary Says

Definition of 'GIP'

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, 10, 20 and 50 pence as well as £1 and £2 denominations. It prints banknotes in 5, 10, 20 and 50 pound notes.
Investopedia Says

Investopedia explains 'GIP'

Gibraltar is represented in the European Union as a British overseas territory. The GIP is not recognized in the U.K. although it can be exchanged for British pound sterling notes.

The currency market, also known as the foreign exchange market, is the largest financial market in the world.

Articles Of Interest

  1. Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.
  2. The Currency Board: Understanding The Government's Bank

    Currency board, central bank - what's the difference? Find out more about this little-known monetary authority.
  3. Top 7 Questions About Currency Trading Answered

    Whether you're puzzled by pips or curious about carry trades, your queries are answered here.
  4. What Are Central Banks?

    They print money, they control inflation, and much, much more. All you need to know about central banks is here.
  5. A Primer On The Forex Market

    Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers.
  6. The Yen Is Setting Up To Be An Attractive Long-Term Investment

    As Japan embarks on quantitative easing, the yen has come under pressure. Will it continue to be the source of big profits in the latter half of 2013?
  7. Is France The Euro Nation To Worry About?

    France may well be the hill on which the euro crisis rallies or on which it dies.
  8. 3 Costly Spelling Errors

    History has proved that some spelling errors can cost companies and governments millions of dollars.
  9. The Best Applications For Online Trading

    This article looks at technology in the financial market and the use of online applications.
  10. Countries That Thrive On A Weak European Union

    The current eurozone crisis is having a heavy impact on the global economy and certain nations may leave the EU as a result.
comments powered by Disqus
Marketplace
Hot Definitions
  1. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.
  2. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.
  3. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.
  4. Icarus Factor

    The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then fails. Fueled by excitement for the project, the executives are unable to reign in their misguided enthusiasm before it is too late to avoid the failure.
  5. Angelina Jolie Stock Index

    An index made up of a selection of stocks from companies associated with actress Angela Jolie.
  6. Consequential Loss

    The amount of loss incurred as a result of being unable to use business property or equipment.
Trading Center