GNF to AWG
Currency conversion rates from GNF to AWG
|1 GNF||1 AWG|
|5 GNF||5 AWG|
|10 GNF||10 AWG|
|20 GNF||20 AWG|
|50 GNF||50 AWG|
|100 GNF||100 AWG|
|250 GNF||250 AWG|
|500 GNF||500 AWG|
|1000 GNF||1000 AWG|
|2000 GNF||2000 AWG|
|5000 GNF||5000 AWG|
|10000 GNF||10000 AWG|
|1 AWG||1 GNF|
|5 AWG||5 GNF|
|10 AWG||10 GNF|
|20 AWG||20 GNF|
|50 AWG||50 GNF|
|100 AWG||100 GNF|
|250 AWG||250 GNF|
|500 AWG||500 GNF|
|1000 AWG||1000 GNF|
|2000 AWG||2000 GNF|
|5000 AWG||5000 GNF|
|10000 AWG||10000 GNF|
AWG - Aruban Florin (AWG)
The Aruban Florin is pegged to the US Dollar at 1.79 Florin = 1 USD. The Central Bank of Aruba issues the currerncy. Aruba is a 33-km long island in the southern Caribbean Sea, 27 km north of the coast of Venezuela and approximately 130 km east of the peninsula of Guajira in Colombia. Together with Bonaire and Curacao, it is part of a group known as the ABC islands of the Leeward Antilles, the southern island chain of the Lesser Antilles.
The Aruban Florin is the currency in Aruba (AW, ABW). The Aruban Florin is also known as the Aruba Guilder, and the Aruban Gulden. The symbol for AWG can be written Afl. The Aruban Florin is divided into 100 cents. The exchange rate for the Aruban Florin was last updated on May 24, 2019 from Yahoo Finance. The AWG conversion factor has 3 significant digits.
- Aruba enjoys one of the highest living standards in the Caribbean region and has a low unemployment rate.
- Tourism and related activities account for about 75% of Aruba’s GNP. Most tourists are from Venezuela or the United States.
- Before the “Status Aparte”, when Aruba became a separate, completely autonomous country/state in the kingdom of the Netherlands, oil processing was the dominant industry in spite of the expanding tourism sector.
- Today the influence of the oil processing business is minimal. The agricultural and manufacturing sectors are also minimal.
- In 1986, the Aruban Florin replaced the Netherlands Antillean Guilder, inheriting its peg to the United States Dollar. Coins were introduced in denominations of 5, 10, 25 and 50 cents, as well as 1 and 2½ guilders. Later, the 5-florin note was replaced by a square coin and the 2½ guilder coin was discontinued.
- In 2005 the 5-florin note was replaced by a gold coin. All coins are struck in nickel-steel except the 5-guilder, which is a combination of copper and other metals. The 50-cent coin is the only square coin and is also known as the Yotin.
GNF - Guinean Franc (GNF)
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.
- 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.
- 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.