Convert Guinean Franc to Cuban Peso
Please provide values below to convert Guinean Franc [GNF] to Cuban Peso [CUP], or Convert Cuban Peso to Guinean Franc.
How to Convert Guinean Franc to Cuban Peso
1 GNF = 362.298925 CUP
Example: convert 15 GNF to CUP:
15 GNF = 15 × 362.298925 CUP = 5434.483875 CUP
Guinean Franc to Cuban Peso Conversion Table
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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 Peso
The Cuban Peso (CUP) is the official currency of Cuba, used for everyday transactions within the country.
History/Origin
The Cuban Peso has been the official currency of Cuba since 1960, replacing the Cuban peso convertible (CUC) as the primary currency after the monetary reforms. It has undergone various changes in value and design over the years, reflecting Cuba's economic policies and relations.
Current Use
Today, the Cuban Peso is used mainly for domestic transactions, while the CUC is used for tourism and foreign trade. The CUP remains an essential part of Cuba's monetary system, with recent reforms aiming to unify the currency system.