Guinean Franc in Swiss Franc

GNF Guinean Franc

Country of application:
Guinea

Coin denominations in circulation:
1, 5, 10, 25, 50 Guinean francs.

Denominations of banknotes in circulation:
100, 500, 1000, 2000, 5000, 10000, 20,000 Guinean francs.

History reference:
The Guinean franc GNF (324) is the currency of the state of Guinea. ISO 4217 code - GNF. The Guinean franc was introduced on March 1, 1960 instead of the CFA franc (the first reform), the exchange wa...s carried out at a ratio of 1: 1 from March 1 to March 15, 1960. Due to the appearance of a large number of counterfeit banknotes in the period from March 10 to March 14, 1963, banknotes were exchanged for banknotes of a new sample (second reform). On October 2, 1972, a new monetary unit was introduced - the Guinean sili (third reform). From April 16 to April 29, 1981, banknotes were exchanged for banknotes of a new type (fourth reform), the exchange was carried out within the limits of 20 thousand forces per worker. On January 6, 1986, instead of force, the Guinean franc was reintroduced (fifth reform), the exchange of force for francs was carried out 1: 1 in the period from January 6 to January 28, 1986.

CHF Swiss Franc

Country of application:
Liechtenstein, Switzerland

Coin denominations in circulation:
5, 2 and 1 franc, as well as 50, 20, 10 and 5 rappen.

Denominations of banknotes in circulation:
1000, 200, 100, 50, 20 and 10 francs.

History reference:
The Swiss franc is the official currency of Switzerland. The history of the modern Swiss franc dates back to May 7, 1850. Until that day, the country did not have a single monetary system: 25 cantons... and half-cantons, 16 cities, and abbeys issued their own money. There were about 860 types of coins of various values and denominations in circulation. Moreover, most of the money circulation accounted for foreign money in general. The situation was changed by the constitution of 1848, in accordance with which a single national currency was introduced. Due to the flexible exchange rate, the strong development of the Swiss economy and the political stability of the country, the Swiss franc is one of the most stable currencies in the world, in high demand as a reserve. It traditionally refers to the currencies of tax havens or offshore zones, with zero inflation and legally fixed gold and foreign exchange reserves of at least 40%. However, this condition, introduced in the 1920s, was abolished on 1 May 2000 due to amendments to the Swiss Constitution. The high confidence of international investors is the reason for the upward trend in the exchange rate of the franc against most other national currencies.