Guinean franc

From Wikipedia, the free encyclopedia

(Redirected from Guinea Franc)
Jump to: navigation, search
Guinean franc
franc guinéen (French)
5000 franc of the current series
5000 franc of the current series
ISO 4217 Code GNF
User(s) Guinea
Inflation 30%
Source The World Factbook, 2006 est.
Subunit
1/100 centime
Symbol FG (possibly also Fr or GFr)
Coins 1, 5, 10, 25, 50 francs
Banknotes 100, 500, 1000, 5000, 10 000 francs
Central bank Banque Centrale de la République de Guinée
Website www.bcrg.gov.gn

The Guinean franc (French: franc guinéen) is the currency used in the African nation of Guinea. It has the ISO 4217 currency code GNF.

Contents

The first Guinean franc was introduced in 1959 to replace the CFA franc. There were 1, 5, 10 and 25 francs coins (made of aluminium bronze) with banknotes (dated 1958) in 50, 100, 500, 1000, 5000 and 10,000 francs denominations. A second series of banknotes was issued in 1960, without the 10,000 francs. This second series had the same portrait but with a different colour scheme and reverse designs to the first. A new issue of coins in 1962 was made of cupronickel.

In 1971, the franc was replaced by the syli at a rate of 1 syli = 10 francs.

The Guinean franc was reintroduced as Guinea's currency in 1985, at par with the syli. The coins came in denominations of 1, 5 and 10 francs, with 25 francs (1987) and 50 francs (1994) added later. Banknotes were issued in denominations of 25, 50, 100, 500, 1000 and 5000 francs.

A second series issued in 1998 dropped the 25 and 50 francs banknotes, since they had been replaced by coins. 2006 saw a third issue introduces of 500, 1000 and 5000 francs that are similar to previous issues. On 11 June 2007, a 10,000 franc was issued. [1].

From an average value of about 2500 Guinean francs to the pound sterling during the year 2000, the value of the currency has fallen to a current level (April 2006) of about 8000 to the GBP and about 4500 to the United States dollar. On 23 November 2007, yahoo finance quoted the rate as 4,280 Fr to 1 U.S dollar.

Current GNF exchange rates
Use Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD
Use XE.com: AUD CAD CHF EUR GBP HKD JPY USD
Use OANDA.com: AUD CAD CHF EUR GBP HKD JPY USD

Note: The official exchange rate and the exchange rate the population uses are different due to the lack of foreign currency in the banks. At Gbessia Airport, this is the rate you should be getting, give or take 200 GNF.

  1. ^ Nachthund (2007-01-07). Update - Guinea.. Retrieved on 2007-01-19.


Advanced Search
Included Web Search Engines


Safe Search

close

Top Matching Results

Occasionally Search.com will highlight specialized results that are based on the context of your query. Examples of specialized results include specific links to news, images, or video.

Top Matching Results may highlight information from other Search.com pages, content from the CNET Network of sites, or third party content. The listings are based purely on relevance. Search.com does not receive payment for listings in this section but our partners that provide this data may get paid for listing these products.

Sponsored Links

This section contains paid listings which have been purchased by companies that want to have their sites appear for specific search terms and related content. These listings are administered, sorted and maintained by a third party and are not endorsed by Search.com.

Search Results

Search.com sends your search query to several search engines at one time and integrates the results into one list which has been sorted by relevance using Search.com's proprietary algorithm. You can customize the list of search engines included in your metasearch from the preferences.

The search engines that are used in your metasearch may allow companies to pay to have their Web sites included within the results. To view the Paid Inclusion policy for a specific search engine, please visit their Web site. Search.com does not accept payment or share revenue with any search engine partner for listings in this section.