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Guinean Franc

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Guinean Franc
The currency of Guinea. It was introduced in 1985, replacing the Guinean syli (which itself replaced the first franc) at par. It is a floating currency and has been subject to high inflation.


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The currencies to be replaced are: The Nigerian Naira, the Ghanaian Cedi, the Guinean Franc, the Sierra Leonean Leone and the Gambian Dalasi.
On Wednesday, each soldier was promised five million Guinean francs ($1,100) in back-pay and the government said soldiers imprisoned in a similar revolt in May last year would be freed.
Contacted by mobile telephone following his arrest, Souare said the incident was linked to 12 billion Guinean francs (two million euros, 2.
 
 
 
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