Though Gibraltar notes are denominated in "pounds sterling", they don't seem to be legal tender wherever
in the United Kingdom. The 1914 notes had been issued in denominations
of 2/-, 10/-, £1, £5 and £50. In 1988, coins in denominations of 1, 2,
5, 10, 20 and 50 pence and 1 pound had been launched which bore particular designs for and the name of Gibraltar.
From 1825, the real (really the Spanish real de plata) was tied to the pound at
the rate of 1 Spanish dollar to 4 shillings four pence (equal to 21.67
pence as we speak). Until 1872, the currency state of affairs in Gibraltar was sophisticated, with a system based mostly
on the true being employed which encompassed British, Spanish and Gibraltarian coins.
In 1872, however, the Spanish forex grew to become the sole legal tender in Gibraltar.
In 1898, sterling coin was made sole legal tender,
although the Spanish peseta continued in circulation till the
Spanish Civil Conflict.
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