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The official currency is the Gibraltar Pound (GIP), which is divided into 100 new pence. UK notes and coins are also accepted and have the same value, but Gibraltar Pounds are not accepted in the UK and any unspent Gibraltar Pounds should be changed before leaving. Euros are also widely accepted, and foreign currency can be exchanged at any one of the numerous banks or exchange bureaux in town. All major credit cards and travellers cheques are widely accepted, and travellers cheques are best carried in Pound Sterling.
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