AED to GNF

AED - United Arab Emirates Dirham (د.إ.‏)
GNF - Guinean Franc (FG)
1 AED1 GNF

Currency conversion rates from AED to GNF

AEDGNF
1 AED1 GNF
5 AED5 GNF
10 AED10 GNF
20 AED20 GNF
50 AED50 GNF
100 AED100 GNF
250 AED250 GNF
500 AED500 GNF
1000 AED1000 GNF
2000 AED2000 GNF
5000 AED5000 GNF
10000 AED10000 GNF
GNFAED
1 GNF1 AED
5 GNF5 AED
10 GNF10 AED
20 GNF20 AED
50 GNF50 AED
100 GNF100 AED
250 GNF250 AED
500 GNF500 AED
1000 GNF1000 AED
2000 GNF2000 AED
5000 GNF5000 AED
10000 GNF10000 AED

AED - United Arab Emirates Dirham (د.إ)

The United Arab Emirates dirham is the currency of the United Arab Emirates. The dirham is abbreviated by the currency code AED, and its symbol is د.إ. Unofficial abbreviations include ‘Dhs’ and ‘DH’. The most popular AED exchange is with Indian rupees (INR to AED). The dirham is a fiat currency, and its conversion factor has 6 significant digits.

The Dirham (AED) is the currency of the United Arab Emirates. 1 Dirham = 100 fils. Exchange can be done at a bank, but is less costly at an exchange office. The United Arab Emirates Dirham was pegged to the IMF’s drawing rights in 1978. In 1997 the Dirham was pegged to the US Dollar at 1 USD = 3.6725 dirham.

The United Arab Emirates Dirham is the currency in United Arab Emirates (AE, ARE, UAE). The symbol for AED can be written Dh, and Dhs. The United Arab Emirates Dirham is divided into 100 fils. The exchange rate for the United Arab Emirates Dirham was last updated on Today from The International Monetary Fund. The AED conversion factor has 6 significant digits.

Economy

  • The United Arab Emirates is ranked second in the Corporation Council for the Arab States of the Gulf (CCASG).
  • Natural gas and petroleum exports play an important role in the economy.
  • The service sector is also an important source of income.
  • Construction forms a huge part of the economy; there is currently an average of $350 billion in construction projects.
  • The United Arab Emirates is part of the World Trade Organization.
  • Imports are machinery, manufactured goods, and transport equipment.
  • In 2009, 85% of exports were natural resources.
  • The United Arab Emirates has the fastest-growing economy in the world.

History

  • The original currency in the United Arab Emirates was the Bahraini Dinar.
  • Before 1966 the United Arab Emirates used the Gulf Rupee.
  • The United Arab Emirates dirham started circulating in December 1971. The dirham replaced the Dubai Riyal as well as the Qatar Riyal at par.
  • From 1973 to 1982 the United Arab Emirates issued the Dirham.
  • In 1976 the United Arab Emirates minted commemorative coins.
  • In the late 1980s a fixed rate was established between the Dirham and the USD.
  • 200-dirham denominations were produced only in 1989 and are scarce; however, the 200-dirham was re-introduced in May 2008 in a different color from the original.
  • In 1997 the Dirham was pegged to the US Dollar.

More information about AED - United Arab Emirates Dirham (د.إ)


GNF - Guinean Franc (GNF)

Guinean Franc

The Guinea Franc is the official currency of Guinea, a country located in West Africa. It is divided into eight administrative regions and subdivided into thirty-three prefectures. Conakry is the capital, largest city and economic center. Other major cities include Labe, Nzérékoré, Kankan, Kindia, Mamou, Boke, and Guéckédou.

The Guinean Franc is the currency in Guinea (GN, GIN). The Guinean Franc is also known as Franc Guineen. The symbol for GNF can be written FG. The exchange rate for the Guinean Franc was last updated on May 24, 2019 from Yahoo Finance. The GNF conversion factor has 5 significant digits.

Economy

  • Guinea has abundant natural resources, including 25% or more of the world's known reserves of bauxite, more than 4 million tons of high grade iron ore, significant diamond and gold deposits, and undetermined reserves of uranium. Bauxite and aluminum are currently the only major exports.
  • The country has great potential for hydroelectric power.
  • Other industries include processing plants for beer, juices, beverages and snuff.
  • Under French rule, Guinea was a major exporter of bananas, pineapples, coffee, peanuts and palm oil. Agriculture still employs 80% of the workforce in the country.
  • Guinea has considerable potential for growth in its agricultural and fisheries sectors. Soil conditions, water and climate provide opportunities for large-scale irrigated agriculture and agribusiness. Investment opportunities and commercial activities exist in all these areas, but Guinea's poorly developed infrastructure and rampant corruption present obstacles to investment projects on a large scale.

History

  • The first Guinea Franc was introduced in 1959 to replace the CFA Franc BCEAO. The Guinea Franc denominations included 1, 5, 10 and 25 coins (aluminum bronze) with banknotes in 50, 100, 500, 1000, 5000 and 10,000 franc denominations.
  • These denominations have been maintained, with the addition of a 50 franc coin (1994) and phasing out of the corresponding 50 franc note.

More information about GNF - Guinean Franc (GNF)