<P> In 1898, the British pound was made sole legal tender, although the Spanish peseta continued in circulation until the Spanish Civil War . Since 1927, Gibraltar has issued its own banknotes and, since 1988, its own coins . Gibraltar decimalised in 1971 at the same time as the UK, replacing the system of 1 pound = 20 shillings = 240 pence with one of 1 pound = 100 (new) pence . </P> <P> The since repealed Currency Notes Act 1934 conferred on the Government of Gibraltar the right to print its own notes . </P> <P> Notes issued are either backed by Bank of England notes at a rate of one pound to one pound sterling, or can be backed by securities issued by the Government of Gibraltar . Although Gibraltar notes are denominated in "pounds sterling", they are not legal tender anywhere in the United Kingdom . Gibraltar's coins are the same weight, size and metal as British coins, although the designs are different, and they are occasionally found in circulation across Britain . </P> <P> Under the Currency Notes Act 2011 the notes and coins issued by the Government of Gibraltar are legal tender and current coin within Gibraltar . British coins and Bank of England notes also circulate in Gibraltar and are universally accepted and interchangeable with Gibraltarian issues . </P>

Can i use gibraltar pounds in the uk