GNF to STD
Currency conversion rates from GNF to STD
|1 GNF||1 STD|
|5 GNF||5 STD|
|10 GNF||10 STD|
|20 GNF||20 STD|
|50 GNF||50 STD|
|100 GNF||100 STD|
|250 GNF||250 STD|
|500 GNF||500 STD|
|1000 GNF||1000 STD|
|2000 GNF||2000 STD|
|5000 GNF||5000 STD|
|10000 GNF||10000 STD|
|1 STD||1 GNF|
|5 STD||5 GNF|
|10 STD||10 GNF|
|20 STD||20 GNF|
|50 STD||50 GNF|
|100 STD||100 GNF|
|250 STD||250 GNF|
|500 STD||500 GNF|
|1000 STD||1000 GNF|
|2000 STD||2000 GNF|
|5000 STD||5000 GNF|
|10000 STD||10000 GNF|
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.
STD - São Tomé & Príncipe Dobra (1977–2017) (STD)
São Tomé & Príncipe Dobra (1977–2017)
Sao Tome and Principe are two small Portuguese-speaking islands approximately 140 kilometers apart in the Gulf of Guinea. The Dobra is the official currency of the islands and is represented by the symbol Db. The Dobra was pegged to the Euro in 2010 at a stable rate of 1 Euro = 24,500 STD.
The Sao Tome Dobra is the currency in Sao Tome and Principe (ST, STP). The symbol for STD can be written Db. The Sao Tome Dobra is divided into 100 centimos. The exchange rate for the Sao Tome Dobra was last updated on May 24, 2019 from Yahoo Finance. The STD conversion factor has 5 significant digits.
- Economic development in Sao Tome and Principe has been adversely affected by factors such as government decisions and natural disasters, as well as lack of resources.
- Cocoa has been the main contributor to economic development in Sao Tome and Principe for the past 34 years. However, this has been affected by disasters such as drought. Bananas, fish, cinnamon, beans, and poultry also contribute to agricultural production, but it does not meet the needs of the consumers.
- Modern economic development has been geared towards developing the large amount of oil said to be present in the Gulf of Guinea.
- The majority of manufactured goods are imported.
- The authorities have tried to decrease price controls and grants, but monetary development has remained inactive.
- The Escudo was replaced by the Dobra at a rate of 1:1.
- In 1996, banknotes were issued in denominations of 5,000, 10,000, 20,000 and 50,000 dobras.
- In 1997, coins were issued in denominations of 50 cêntimos, 1, 2, 5, 10 and 20 dobras.
- In 1997, banknotes were issued in denominations of 50, 100, and 1,000 dobra.
- In 2008, 10,000 dobra banknotes were issued.
- In 2010, the Dobra was officially pegged to the Euro at a stable rate of 1 Euro = 24,500 STD.