BOB to GNF

BOB - Bolivian Boliviano (Bs)
GNF - Guinean Franc (FG)
1 BOB1 GNF

Currency conversion rates from BOB to GNF

BOBGNF
1 BOB1 GNF
5 BOB5 GNF
10 BOB10 GNF
20 BOB20 GNF
50 BOB50 GNF
100 BOB100 GNF
250 BOB250 GNF
500 BOB500 GNF
1000 BOB1000 GNF
2000 BOB2000 GNF
5000 BOB5000 GNF
10000 BOB10000 GNF
GNFBOB
1 GNF1 BOB
5 GNF5 BOB
10 GNF10 BOB
20 GNF20 BOB
50 GNF50 BOB
100 GNF100 BOB
250 GNF250 BOB
500 GNF500 BOB
1000 GNF1000 BOB
2000 GNF2000 BOB
5000 GNF5000 BOB
10000 GNF10000 BOB

BOB - Bolivian Boliviano (BOB)

Bolivian Boliviano

The official currency of Bolivia is the Bolivian Boliviano (BOB). The symbol used for the Boliviano is Bs. The Boliviano is subdivided in 100 centavos. The same name was used for the currency from 1864 to 1963. There were two Boliviano series additions before the new Boliviano was introduced.

The Bolivian Boliviano is the currency in Bolivia (BO, BOL). The symbol for BOB can be written Bs. The Bolivian Boliviano is divided into 100 centavos. The exchange rate for the Bolivian Boliviano was last updated on May 24, 2019 from Yahoo Finance. The BOB conversion factor has 3 significant digits.

Economy

  • The economy of Bolivia fluctuates and has had periods of diversification.
  • Bolivia’s agricultural sector needs to be modernized.
  • Due to the slow population growth, industries in Bolivia have been growing at a slow pace.
  • The mining industry in Bolivia accounts for a large part of the export products.
  • Bolivia relies on the service industry, which accounts for 52% of the total GDP.
  • Unemployment is estimated at 8.3%.
  • The natural gas reserve of Bolivia is the second largest in South America.
  • Export products are zinc, tin, cocaine, ore, soy products, natural gas, and soybeans.
  • Import products are aircraft, automobiles, plastics, insecticides, petroleum products, and soybeans.
  • There are no foreign investment restrictions in Bolivia.
  • In the last few years Bolivia’s economy has been improving steadily.

History

  • In 1864 the first Boliviano was launched. The currency before the Boliviano was the Scudo.
  • Originally the currency was subdivided into centecimos; these were changed to centavos in 1870.
  • Initially the boliviano was pegged to the French Franc at a rate of 5 French Francs = 1 Boliviano.
  • The Boliviano became part of the gold standard in 1908.
  • In 1940 Bolivia accepted multiple exchange rates with the US Dollar.
  • In 1963 the Boliviano was replaced with the Peso Boliviano.
  • In 1987 the new Boliviano replaced the Reso Boliviano.

More information about BOB - Bolivian Boliviano (BOB)


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)