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Money
Currency: Guinea Franc (FG) = 100 centimes. Notes are in denominations of FG5000, 1000 and 500. Coins are in denominations of FG25, 10, 5 and 1.
Currency exchange: Hotels will accept some foreign currencies in payment. Inter-bank fund transfers are frequently difficult, if not impossible, to accomplish.
Credit & debit cards: Limited acceptance. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques: To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars or Euros.
Currency restrictions: Import or export of local currency is prohibited. Import of foreign currency is unlimited, provided declared on arrival; export is limited to the amount declared on arrival.
Note: It is compulsory to exchange a certain amount of foreign currency. The amount depends on the length of stay specified in the visa, and is at the discretion of the immigration authorities. Unused currency can sometimes be re-exchanged – again at the discretion of the authorities. Travellers are advised the check that the amounts exchanged have been entered correctly onto the declaration form.
Exchange rate indicators
The following figures are included as a guide to the movements of the Guinea Franc against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 2878.90 | 3006.06 | 3125.64 | 3152.66 | | $1.00= | 1975.50 | 1976.50 | 1976.50 | 1980.00 |
Banking hours: Mon-Fri 0830-1230 and 1430-1630.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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