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| Country Guide > Europe > Gibraltar |
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Money Currency Gibraltar Pound (Gib) = 100 new pence. The Gibraltar government issues banknotes of Gib50, 20, 10 and 5 for local use only. Coinage is the UK coinage with a different reverse design. The Gibraltar government also issues its own coins in denominations of Gib5, 2 and 1, and 50, 20, 10, 5, 2 and 1 pence. All UK notes are accepted. For exchange rates, see United Kingdom section. Currency exchange Tourists from the UK are strongly advised to change their unspent Gibraltar pounds into UK currency at parity in Gibraltar before departure as UK banks charge for exchanging the Gibraltar Pound. Credit & debit cards All major cards accepted. Check with your credit or debit card company for details of merchant acceptability and other services which may be available. Travellers cheques Widely accepted. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Pounds Sterling. Currency restrictions There are no restrictions on the import or export of either local or foreign currency. Banking hours Mon-Thur 0900-1530, Fri 0900-1600. |