Guinea Franc (GNF)

The Guinean franc (GNF) is the currency of Guinea. It is subdivided into 100 centimes. The ISO 4217 code for the Guinean franc is GNF. The Guinean franc is issued by the Central Bank of the Republic of Guinea.

The Guinean franc was introduced in 1960, replacing the French West African franc. The first coins were issued in denominations of 1, 5, 10, 25, 50, and 100 francs. Banknotes were introduced in denominations of 500, 1,000, 5,000, and 10,000 francs.

In 1971, the Guinean franc was devalued by 50%. New coins were introduced in denominations of 1, 5, 10, 25, 50, and 100 francs. Banknotes were introduced in denominations of 500, 1,000, 5,000, 10,000, and 25,000 francs.

In 1985, the Guinean franc was devalued again by 50%. New coins were introduced in denominations of 1, 5, 10, 25, 50, and 100 francs. Banknotes were introduced in denominations of 500, 1,000, 5,000, 10,000, 25,000, and 50,000 francs.

In 1994, the Guinean franc was devalued again by 50%. New coins were introduced in denominations of 1, 5, 10, 25, 50, and 100 francs. Banknotes were introduced in denominations of 500, 1,000, 5,000, 10,000, 25,000, 50,000, and 100,000 francs.

In 2005, the Guinean franc was devalued again by 50%. New coins were introduced in denominations of 1, 5, 10, 25, 50, and 100 francs. Banknotes were introduced in denominations of 500, 1,000, 5,000, 10,000, 25,000, 50,000, 100,000, and 200,000 francs.

The Guinean franc is pegged to the euro at a rate of 1 GNF = 0.00117 EUR.