Euro to Guinean Franc — exchange rate

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Denominations of banknotes in circulation: €5, €10, €20, €50, €100

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More

Country of Circulation: Guinea

Currency Code, Symbol: GNF, FG

Denominations of coins in circulation: 1, 5, 10, 25, 50 francs

Denominations of banknotes in circulation: 100, 500, 1,000, 2,000, 5,000, 10,000, 20,000 francs

History: The Guinean franc (GFr) is the national currency of the Guinean state. It is not used in other countries. In the global financial arena, it is often abbreviated to GNF.Centimes are used as change for the Guinean franc. Every GNF has 100 centimes. It first appeared in 1960 and existed up to 1972. Afterwards, it was replaced with the Guinean syli. However, in 1986, GNF has come into circulation again. In practice, 25 and 50-franc notes are not commonly used. Only those notes and coins that were issued after 1985 are accepted for payment.Read More