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Encyclopedia > Guinean franc

The Guinean franc (French: franc guinéen) is the currency used in the African nation of Guinea. It has the ISO 4217 currency code GNF. Africa is the worlds second-largest and second-most populous continent, after Asia. ... ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ...

Contents


First Guinean franc

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. The countries using the CFA franc The CFA franc (in French: franc CFA, or just franc in everyday conversation if no ambiguity is possible) is a currency used in 12 formerly French-ruled African countries, as well as in Guinea-Bissau (former Portuguese colony) and in Equatorial Guinea (former Spanish... Aluminium bronze is a type of bronze in which aluminium is the main alloying metal added to copper. ... A £20 Ulster Bank banknote. ... Cupronickel is an alloy of copper, nickel and stengthening impurities, such as iron and manganese. ...


In 1971, the franc was replaced by the syli at a rate of 1 syli = 10 francs. The Guinean syli was the currency of Guinea between 1971 and 1985. ...


Second Guinean Franc

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 A second series issued in 1998 dropped the 25 and 50 francs banknotes, since they had been replaced by coins.


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 GBP redirects here. ... GBP may be: short for Game Boy Player the ISO currency code for the British Pound Sterling. ... This article is about general United States currency. ...


The Guinean Franc cannot be converted[1] into any other currency.


See also

CFA franc
Syli The countries using the CFA franc The CFA franc (in French: franc CFA, or just franc in everyday conversation if no ambiguity is possible) is a currency used in 12 formerly French-ruled African countries, as well as in Guinea-Bissau (former Portuguese colony) and in Equatorial Guinea (former Spanish... The Guinean syli was the currency of Guinea between 1971 and 1985. ...


External links

  • Banque Centrale de la République de Guinée
Currencies of Africa edit this box
North Algerian dinar | Egyptian pound | Libyan dinar | Mauritanian ouguiya | Moroccan dirham | Sudanese dinar | Tunisian dinar
Central Angolan kwanza | Burundian franc | Central African CFA franc (Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon) | Congolese franc | Rwandan franc
West Cape Verdean escudo | Gambian dalasi | Ghanaian cedi | Guinean franc | Liberian dollar | Nigerian naira | São Tomé and Príncipe dobra | Sierra Leonean leone | West African CFA franc (Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo)
East Comorian franc | Djiboutian franc | Eritrean nakfa | Ethiopian birr | Kenyan shilling | Seychelles rupee | Somali shilling | Somaliland shilling | Tanzanian shilling | Ugandan shilling
South Botswana pula | Euro (Réunion) | Lesotho loti | Malawian kwacha | Malagasy ariary | Mauritian rupee | Mozambican metical | Namibian dollar | Saint Helena pound | South African rand | Swazi lilangeni | Zambian kwacha | Zimbabwean dollar

  Results from FactBites:
 
Franc Information (860 words)
The franc was originally a French gold coin of 3.87 g minted in 1360 on the occasion of the release of King John II ("the good"), held by the English since his capture at the Battle of Poitiers four years earlier.
The French franc was the national currency of France from 1360 until 1641 and again from 1795 until 1999 (franc coins and notes were legal tender until 2002).
Though abolished as a legal coin by Louis XIII in 1641 in favor of the gold louis and silver écu, the term franc continued to be used in common parlance for the livre tournois.
Guinean franc at AllExperts (351 words)
The Guinean franc () is the currency used in the African nation of Guinea.
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.
  More results at FactBites »


 

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