Guinean Franc in Panamanian Balboa

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.

PAB Panamanian Balboa

Country of application:
Panama

Coin denominations in circulation:
1 and 5 centesimos, 0.1, 0.25, 0.5, and 1 balboa.

Denominations of banknotes in circulation:
-

History reference:
The Balboa is the currency of the Republic of Panama. Panama money got its name from the Spanish conquistador Vasco Nunez de Balboa, the first European to cross the Isthmus of Panama from the Atlanti...c to the Pacific coast. With the independence of Panama in 1904, it became necessary to introduce a new currency to replace the Colombian peso. The balboa became such a currency. Until 1934, it was relatively independent and had a certain gold content (1.5048 g of pure gold), later a firm 1:1 ratio with the US dollar was established, which has been maintained to this day.