Countries that use the Guinea Franc
The Guinea Franc is an official national currency and used only in Guinea. 1 Franc is devided into 100 Centimes.
1.00 Guinea Franc = 0.0001 US Dollar
Exchange rate history 10000 GNF in USD
Guinea Franc as currency
Currency reserves for the Guinea Franc
According to the International Monetary Fund, the total broad money (M3) amounted to GNF 19,559.56 trillion at the end of 2016. For currency hedging, reserves were held in a total amount of 3,198.54 billion Francs. This corresponds to a ratio of 1:6.1. In other words: Not even 1 of 7 Francs is deposited with a countervalue.
Approximately 68.3 billion Francs (2.1%) of the currency reserves exist in gold reserves, the remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.Worldwide currency and gold reserves
All information without guarantee.