Pound Sterling is the official currency in Gibraltar, although the jurisdiction prints its own Gibraltar Pound currency with is exchangeable 1 for 1 with Pound Sterling, however, many local businesses, particularly on the Main Street, will also accept EUR in order to accommodate the millions of tourists that visit the Rock each year.

Additionally, Gibraltar residents and non-residents alike are able to maintain accounts denominated in foreign currencies, given that there are no exchange controls in Gibraltar. Local banks are linked to the UK’s clearing system and track the Bank of England’s rates of interest.