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I have removed the following text because I not only cant find anything to back it up, but also because I am aware of specific instructions to the contrary:
Reasoning:
If the instruction supposedly given to UK High Street Banks is available I would be most interested to read it. Ian3055 17:51, 6 May 2006 (UTC)
Everything I've read suggests that they're two separate currencies pegged to each other at par, not the same currency. The government describes the situation as: "The currency is Gibraltar pounds, at par with sterling". The fact that they've been pegged at par and have similar coinage means that in practice they're sometimes treated interchangeably, but this doesn't mean they are actually the same currency, or legally interchangeable. A similar situation exists in the Bahamas between the United States dollar and the Bahamian dollar (although the same situation does not exist in the U.S., due to its much larger size and general ignorance that Bahamian dollars exist). -- Delirium 01:13, 4 September 2006 (UTC)
The matter is indeed confused. However, as far as I can see its impossible to buy a GIP, the notes are sterling (read them) and no bank in Gibraltar, or anywhere else, offers an account denominated in GIP.
Its academic that someone quotes an exchange rate when there is no such currency. At one time Barclays bank charged .25% to convert between local accounts and sterling. Someone took them to court and they had to abandon the practice.
In any event the article should be renamed 'Gibraltar Pound' not Gibraltarian which had a defined legal meaning. -- Gibnews 00:17, 9 December 2006 (UTC)
In Gibraltar, local issue notes and coins and Bank of England ones are freely intermixed. Ergo, they are the same currency. http://gibraltarinfo.gi/en/faq-items/what-currency-do-i-use/ Jacob Newton ( talk) 15:24, 2 February 2018 (UTC)
Whichever of the above views are correct, the following sentence surely cannot be universally correct:
If this exchange rate were applicable both ways in the UK, but the rate remained at 1:1 in Gibraltar itself, a lot of profit could be made by transporting money back and forth! However, oanda.com does indeed claim that 1 GIP = 0.92798 GBP, and has varied between 0.91400 and 1.04180 GBP in the past 12 months. This is not just a small numerical error caused by unsynchronised updating of other exchange rates, as suggested above by NFH. The deviations from 1.0000 are too big for that. Surely Oanda must be wrong. If you look at xe.com, their rate is precisely 1.0000.
I've emailed oanda.com, and they are looking into it.
Another point: it doesn't make sense to say the Gibraltar pound is a different currency from Sterling, because the Gibraltar banknotes use the words "Pounds Sterling"! If it's a different currency from the UK pound, then there must be more than one Pound Sterling. Mtford 00:12, 19 September 2006 (UTC)
The portrait of Elizabeth II on the Gibraltar banknotes is clearly not a recent one! Can anybody find a reference for the date and artist, and perhaps an explanation for the Gibraltar government's decision to keep such an old image? Mtford 00:47, 19 September 2006 (UTC)
Does this include Scottish and Northern Irish pounds? Same question about other mentions of "UK pounds"? -- Error 00:16, 29 June 2007 (UTC)
Since we see fit to have an article called "Gibraltar pound", the introduction needs to give a definition of what that is. Several times I have changed the first sentence from "The pound ... is the currency of Gibraltar." to "The Gibraltar pound ... is the currency of Gibraltar.", but it is changed back. If my definition is incorrect then please fix it, but please don't just change it back to "The pound ... is the currency of Gibraltar." If someone looks up "Gibraltar pound" and reads that, then the obvious response is "fine, the pound is the currency of Gibraltar, so what then is the Gibraltar pound?". It's terribly confusing. The article really does need to begin with "The Gibraltar pound is ... [whatever it is]" Matt 19:13, 1 July 2007 (UTC).
"Due to Gibraltar's popularity as a tourist destination (compared with other British territories which issue coinage at parity to sterling) and the fact that the coins are almost identical to UK £1 coins, they can be found in circulation in the UK fairly frequently."
I was bold and removed this sentence, due to it making not one not two but three unverified claims, the last of which is unprovable (what is the definition of "fairly frequently"?). From WP:V: "I can NOT emphasize this enough. There seems to be a terrible bias among some editors that some sort of random speculative 'I heard it somewhere' pseudo information is to be tagged with a 'needs a cite' tag. Wrong. It should be removed, aggressively, unless it can be sourced." If sources are forthcoming, fine, the removed words can return, otherwise it can quite happily live on this talk page. The Red Hat of Pat Ferrick t 14:56, 10 August 2008 (UTC)
I think a lot of the problems being experience on this article are because it is serving multiple subjects and purposes. On close inspection throughout it looks like the subject matter is closer to '(monetary) currency in Gibraltar' rather than trying to explain and define a 'Gibraltar Pound' or GIP etc.
I suggest creating a new entry on the subject of monetary currency in Gibraltar - covering the history, practical circulation etc, but with an introduction going straight to: 'the Pound Sterling is the official currency in Gibraltar' and that both BoE and GoG notes (and coins) are in mixed interchangeable circulation. It would link to this article which would itself be restricted to an explanation of the ISO code GIP and (perhaps) Government of Gibraltar issued currency (explaining that since it is denominated in pounds sterling this sets the parity of GIP to GBP. —Preceding unsigned comment added by GibFusion ( talk • contribs) 07:38, 27 October 2008 (UTC)
Here it is said that first two pound coins were issued in 1997. Anyway, this whole article suffers from serious lack of sources. -- Oop ( talk) 16:28, 8 November 2012 (UTC)
It was announced that the new 12-sided pound coin will be made available to British territories and dependencies. It's not happened yet, but looks likely that this will be introduced to Gibraltar soon. Bthrussell ( talk) 05:02, 6 January 2019 (UTC)
![]() | This article is rated Start-class on Wikipedia's
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![]() | This article links to one or more target anchors that no longer exist.
Please help fix the broken anchors. You can remove this template after fixing the problems. |
Reporting errors |
I have removed the following text because I not only cant find anything to back it up, but also because I am aware of specific instructions to the contrary:
Reasoning:
If the instruction supposedly given to UK High Street Banks is available I would be most interested to read it. Ian3055 17:51, 6 May 2006 (UTC)
Everything I've read suggests that they're two separate currencies pegged to each other at par, not the same currency. The government describes the situation as: "The currency is Gibraltar pounds, at par with sterling". The fact that they've been pegged at par and have similar coinage means that in practice they're sometimes treated interchangeably, but this doesn't mean they are actually the same currency, or legally interchangeable. A similar situation exists in the Bahamas between the United States dollar and the Bahamian dollar (although the same situation does not exist in the U.S., due to its much larger size and general ignorance that Bahamian dollars exist). -- Delirium 01:13, 4 September 2006 (UTC)
The matter is indeed confused. However, as far as I can see its impossible to buy a GIP, the notes are sterling (read them) and no bank in Gibraltar, or anywhere else, offers an account denominated in GIP.
Its academic that someone quotes an exchange rate when there is no such currency. At one time Barclays bank charged .25% to convert between local accounts and sterling. Someone took them to court and they had to abandon the practice.
In any event the article should be renamed 'Gibraltar Pound' not Gibraltarian which had a defined legal meaning. -- Gibnews 00:17, 9 December 2006 (UTC)
In Gibraltar, local issue notes and coins and Bank of England ones are freely intermixed. Ergo, they are the same currency. http://gibraltarinfo.gi/en/faq-items/what-currency-do-i-use/ Jacob Newton ( talk) 15:24, 2 February 2018 (UTC)
Whichever of the above views are correct, the following sentence surely cannot be universally correct:
If this exchange rate were applicable both ways in the UK, but the rate remained at 1:1 in Gibraltar itself, a lot of profit could be made by transporting money back and forth! However, oanda.com does indeed claim that 1 GIP = 0.92798 GBP, and has varied between 0.91400 and 1.04180 GBP in the past 12 months. This is not just a small numerical error caused by unsynchronised updating of other exchange rates, as suggested above by NFH. The deviations from 1.0000 are too big for that. Surely Oanda must be wrong. If you look at xe.com, their rate is precisely 1.0000.
I've emailed oanda.com, and they are looking into it.
Another point: it doesn't make sense to say the Gibraltar pound is a different currency from Sterling, because the Gibraltar banknotes use the words "Pounds Sterling"! If it's a different currency from the UK pound, then there must be more than one Pound Sterling. Mtford 00:12, 19 September 2006 (UTC)
The portrait of Elizabeth II on the Gibraltar banknotes is clearly not a recent one! Can anybody find a reference for the date and artist, and perhaps an explanation for the Gibraltar government's decision to keep such an old image? Mtford 00:47, 19 September 2006 (UTC)
Does this include Scottish and Northern Irish pounds? Same question about other mentions of "UK pounds"? -- Error 00:16, 29 June 2007 (UTC)
Since we see fit to have an article called "Gibraltar pound", the introduction needs to give a definition of what that is. Several times I have changed the first sentence from "The pound ... is the currency of Gibraltar." to "The Gibraltar pound ... is the currency of Gibraltar.", but it is changed back. If my definition is incorrect then please fix it, but please don't just change it back to "The pound ... is the currency of Gibraltar." If someone looks up "Gibraltar pound" and reads that, then the obvious response is "fine, the pound is the currency of Gibraltar, so what then is the Gibraltar pound?". It's terribly confusing. The article really does need to begin with "The Gibraltar pound is ... [whatever it is]" Matt 19:13, 1 July 2007 (UTC).
"Due to Gibraltar's popularity as a tourist destination (compared with other British territories which issue coinage at parity to sterling) and the fact that the coins are almost identical to UK £1 coins, they can be found in circulation in the UK fairly frequently."
I was bold and removed this sentence, due to it making not one not two but three unverified claims, the last of which is unprovable (what is the definition of "fairly frequently"?). From WP:V: "I can NOT emphasize this enough. There seems to be a terrible bias among some editors that some sort of random speculative 'I heard it somewhere' pseudo information is to be tagged with a 'needs a cite' tag. Wrong. It should be removed, aggressively, unless it can be sourced." If sources are forthcoming, fine, the removed words can return, otherwise it can quite happily live on this talk page. The Red Hat of Pat Ferrick t 14:56, 10 August 2008 (UTC)
I think a lot of the problems being experience on this article are because it is serving multiple subjects and purposes. On close inspection throughout it looks like the subject matter is closer to '(monetary) currency in Gibraltar' rather than trying to explain and define a 'Gibraltar Pound' or GIP etc.
I suggest creating a new entry on the subject of monetary currency in Gibraltar - covering the history, practical circulation etc, but with an introduction going straight to: 'the Pound Sterling is the official currency in Gibraltar' and that both BoE and GoG notes (and coins) are in mixed interchangeable circulation. It would link to this article which would itself be restricted to an explanation of the ISO code GIP and (perhaps) Government of Gibraltar issued currency (explaining that since it is denominated in pounds sterling this sets the parity of GIP to GBP. —Preceding unsigned comment added by GibFusion ( talk • contribs) 07:38, 27 October 2008 (UTC)
Here it is said that first two pound coins were issued in 1997. Anyway, this whole article suffers from serious lack of sources. -- Oop ( talk) 16:28, 8 November 2012 (UTC)
It was announced that the new 12-sided pound coin will be made available to British territories and dependencies. It's not happened yet, but looks likely that this will be introduced to Gibraltar soon. Bthrussell ( talk) 05:02, 6 January 2019 (UTC)