Convert Guinean Franc to Chinese Yuan
Please provide values below to convert Guinean Franc [GNF] to Chinese Yuan [CNY], or Convert Chinese Yuan to Guinean Franc.
How to Convert Guinean Franc to Chinese Yuan
1 GNF = 1212.05678919416 CNY
Example: convert 15 GNF to CNY:
15 GNF = 15 × 1212.05678919416 CNY = 18180.8518379124 CNY
Guinean Franc to Chinese Yuan Conversion Table
| Guinean Franc | Chinese Yuan |
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Guinean Franc
The Guinean Franc (GNF) is the official currency of Guinea, used for all monetary transactions within the country.
History/Origin
The Guinean Franc was introduced in 1959, replacing the French CFA franc, following Guinea's independence, and has undergone various redenominations since then.
Current Use
Today, the GNF is used exclusively within Guinea for everyday transactions, banking, and trade, and is issued by the Central Bank of the Republic of Guinea.
Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).