|franc guinéen (|
5000 franc of the current series
|FG (possibly also Fr or GFr)|
|Freq. used||100, 500, 1000, 5000, 10,000, 20,000 francs|
|Rarely used||25, 50 francs|
|Coins||1, 5, 10, 25, 50 francs|
|Source||The World Factbook, 2016 est.|
The first Guinean franc was introduced in 1959 to replace the
In 1971, the franc was replaced by
The Guinean franc was reintroduced as Guinea's currency in 1985, at par with the syli. The coins came in denominations of 1, 5 and 10 francs made of brass clad steel, with brass 25 francs (1987) and cupronickel 50 francs (1994) added later. Banknotes were first issued in denominations of 25, 50, 100, 500, 1000 and 5000 francs. Guinean notes of this series are unique from those of other countries in that the date of issue features very prominently as part of the overall design on the lower left hand corner of each note.
A second series issued in 1998 dropped the 25 and 50 francs banknotes, since they had been replaced by coins. In 2006, the third issue were introduced in denomination of 500, 1000 and 5000 francs that are similar to previous issues, but the most notable change was the use of full printing of the notes and enhanced security features on each of the notes. Another change for this issue was the size of the 500 francs was reduced. On 11 June 2007, a 10,000 franc was issued.
In 2010, a commemorative series of 1000, 5000, and 10,000 francs banknotes celebrating the fiftieth anniversary of both the Guinean franc and the
On July 9, 2012, the Central Bank of the Republic of Guinea issued a new 10,000 francs banknote which is similar to the original issue, but it has been revised. The banknote's main color was changed from green to red, and instead of a diamond-shaped patch placed on the letters "RG" (for Republique de Guinée), it is now replaced by a holographic patch and the holographic security strip now showing on the reverse side. On May 11, 2015, the Central Bank of the Republic of Guinea issued a 20,000 franc banknote.
Currently, the smallest denomination in circulation is the 500 francs note due to diminished purchasing power.
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