Convert Guinean Franc to Cuban Convertible Peso
Please provide values below to convert Guinean Franc [GNF] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Guinean Franc.
How to Convert Guinean Franc to Cuban Convertible Peso
1 GNF = 8695.1742 CUC
Example: convert 15 GNF to CUC:
15 GNF = 15 × 8695.1742 CUC = 130427.613 CUC
Guinean Franc to Cuban Convertible Peso Conversion Table
| Guinean Franc | Cuban Convertible Peso |
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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.
Cuban Convertible Peso
The Cuban Convertible Peso (CUC) was a currency used in Cuba, primarily for tourism and foreign transactions, pegged to the US dollar.
History/Origin
Introduced in 1994 to replace the peso convertible, the CUC was used alongside the Cuban peso (CUP). It facilitated foreign trade and tourism. The CUC was phased out starting in 2020 as part of Cuba's monetary unification efforts, with its value being absorbed into the CUP.
Current Use
The CUC is no longer in circulation as of 2021. Cuba has transitioned to a single currency system using the Cuban peso (CUP), and the CUC is considered obsolete.