1 GNF to BMD Bermudian Dollar

June 4, 2023 by pkr_to_usd_786

1 GNF to BMD Bermudian Dollar
Guinea Franc , What is Guinea Franc (GNF)? GNF is the abbreviation for Guinean franc, the national currency of the Republic of Guinea, a country in West Afric … >>> Find out more from wikipedia. category >>> GNF

1 GNF to BMD Bermudian Dollar

1 Guinean Franc ( GNF ) = 0.00011609014425827 Bermudian Dollar (BMD)

1 GNF = 0.00011609014425827 BMD

1 BMD = 8613.9956702546 GNF

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1 Guinean Franc ( GNF ) Is equal to 0.00011609014425827 Bermudian Dollar (BMD)
Guinea Franc
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Guinean Franc

Guinea Franc , What is Guinea Franc (GNF)? GNF is the abbreviation for Guinean franc, the national currency of the Republic of Guinea, a country in West Africa. The Republic of Guinea was formerly known as French Guinea. Today it is often referred to as Guinea-Conakry in reference to the name of its capital to distinguish it from neighboring Guinea-Bissau. As of May 2022, 1 US dollar is equal to approximately 8810 GNF. The GNF is actually the second franc used as the country's currency. Guinea was a French colony and gained independence in 1958. Previously, Guinea used the currency of the CFA franc, which was the currency of the French colonies in Africa from 1945 to 1958. In 1959, after Guinea's independence, the first Guyanese franc was issued as the national currency. It was then replaced by the Guinea Sally, which was used in the country from 1971 to 1985. In 1985, the second Guinean franc replaced the shilling at parity. Guinea's economy is rich in mineral resources, gold, high-quality iron ore and diamonds. In addition, it boasts the world's largest reserves of bauxite, one of the West African country's main exports. However, the country, which has a GDP of $12.3 billion, is experiencing stalled economic growth due to political instability. In addition, the Ebola virus slowed Guinea's economic growth in 2014 and 2015. However, the country's economy shrank by 2.4 percent in 2020 compared to 2019. The most recent year for which official figures are available. GNF and CFA francs Guinea used to be part of the franc territory of the former French colonies, and used the CFA franc as its official currency until independence. Many neighboring countries – a total of 14 West African countries, 12 of which are former French colonies – still use the CFA franc. Together they form the African financial community. The CFA was created in 1945 after World War II, to prevent currency devaluation in French colonies. Previously, currencies in French colonies were pegged to the French franc, which was devalued with the signing of Bretton Woods in 1944. When it was introduced in 1945, the exchange rate was 1 CFA to 1.70 French francs, and in 1948 it was changed from 1 CFA to 2 French francs. When France switched from the French franc to the euro, the currency maintained parity. The current fixed exchange rate of the CFA against the euro is 655.96 CFA francs to 1 euro. Find out more from wikipedia

Bermudian Dollar

The Bermudian dollar (symbol: $; code: BMD; also abbreviated BD$; informally called the Bermuda dollar) is the official currency of the British Overseas Territory of Bermuda. It is subdivided into 100 cents. The Bermudian dollar is not normally traded outside Bermuda, and is pegged to the United States dollar at a one-to-one ratio. Both currencies circulate in Bermuda on an equal basis. For nearly four hundred years Spanish dollars, known as "pieces of eight" were in widespread use on the world's trading routes, including the Caribbean region. However, following the revolutionary wars in Latin America, the source of these silver trade coins, dried up. The United Kingdom had adopted a very successful gold standard in 1821, and so the year 1825 was an opportune time to introduce the British sterling coinage into all the British colonies. An imperial Order in Council was passed in that year for the purposes of facilitating this aim by making sterling coinage legal tender in the colonies at the specified rate of 1 Spanish dollar to 4 shillings, 4 pence sterling. As the sterling silver coins were attached to a gold standard, this exchange rate did not realistically represent the value of the silver in the Spanish dollars as compared to the value of the gold in the British gold sovereign. Because of this, the conversion had the opposite effect in many colonies, and actually drove sterling coinage out of circulation, rather than encouraged its use. Remedial legislation had to be introduced in 1838 so as to change over to the more realistic rating of $1 = 4s 2d. However, in Jamaica, British Honduras, Bermuda, and later in the Bahamas also, the official rating was set aside in favour of what was known as the 'Maccaroni' tradition in which a British shilling, referred to as a 'Maccaroni', was treated as one quarter of a dollar. The common link between these four territories was the Bank of Nova Scotia which brought in the 'Maccaroni' tradition, resulting in the successful introduction of both sterling coinage and sterling accounts. It wasn't however until 1 January 1842 that the authorities in Bermuda formally decided to make sterling the official currency of the colony to circulate concurrently with Doubloons (64 shillings) at the rate of $1 = 4s 2d. Contrary to expectations, and unlike in the Bahamas where US dollars circulated concurrently with sterling, the Bermudans did not allow themselves to be drawn into the U. S. currency area. The Spanish dollars fell away in the 1850s but returned again in the 1870s following the international silver crisis of 1873. In 1874, the Bermuda merchants agreed unanimously to decline to accept the heavy imports of US currency except at a heavy discount, and it was then exported again. And in 1876, legislation was passed to demonetise the silver dollars for fear of them returning. In 1882, the local 'legal tender act' demonetised the gold doubloon, which had in effect been the real standard in Bermuda, and this left pounds, shillings, and pence as the sole legal tender. The pound sterling remained the official currency of Bermuda until 1970, though the Government of Bermuda did issue its own pound banknotes. With US and Canadian coins regularly appearing in circulation in Bermuda and the possibility of the devaluation of the pound sterling, Bermuda was compelled to adopt its own decimal currency. On 6 February 1970, Bermuda introduced a new decimal currency in the form of a dollar. The nascent Bermudian dollars circulated in conjunction with the new British decimal coinage a year before it was introduced in the United Kingdom. By adopting decimalisation early, Bermuda was also able to place orders for the coinage from the Royal Mint before other Commonwealth countries seeking to decimalise could. The link between the Bermudian dollar and the pound sterling was not broken until 31 July 1972, which allowed Bermuda to align to a one-to-one exchange rate with that of the United States. The decision for Bermuda to peg its dollar to the US dollar added convenience for the multitude of American tourists and businesses upon whom Bermuda largely relied. Since 1972, Bermudian law has required that local businesses charge prices in Bermudian dollars which, if paid in US dollars, must be accepted at a rate of 1:1. Only banks are legally allowed to exchange Bermudian dollars into US dollars or other currencies, subject to a 1% Foreign Currency Purchase Tax (some banks also charge an exchange fee).
Find out more from wikipedia

Convertion Chart GNF to BMD
GNF		BMD


5 GNF	=	0.0006 BMD
10 GNF	=	0.0012 BMD
15 GNF	=	0.0017 BMD
20 GNF	=	0.0023 BMD
25 GNF	=	0.0029 BMD
30 GNF	=	0.0035 BMD
35 GNF	=	0.0041 BMD
40 GNF	=	0.0046 BMD
45 GNF	=	0.0052 BMD
50 GNF	=	0.0058 BMD
55 GNF	=	0.0064 BMD
60 GNF	=	0.007 BMD
65 GNF	=	0.0075 BMD
70 GNF	=	0.0081 BMD
75 GNF	=	0.0087 BMD
80 GNF	=	0.0093 BMD
85 GNF	=	0.0099 BMD
90 GNF	=	0.0104 BMD
95 GNF	=	0.011 BMD
100 GNF	=	0.0116 BMD
105 GNF	=	0.0122 BMD
110 GNF	=	0.0128 BMD
115 GNF	=	0.0134 BMD
120 GNF	=	0.0139 BMD
125 GNF	=	0.0145 BMD
130 GNF	=	0.0151 BMD
135 GNF	=	0.0157 BMD
140 GNF	=	0.0163 BMD
145 GNF	=	0.0168 BMD
150 GNF	=	0.0174 BMD
155 GNF	=	0.018 BMD
160 GNF	=	0.0186 BMD
165 GNF	=	0.0192 BMD
170 GNF	=	0.0197 BMD
175 GNF	=	0.0203 BMD
180 GNF	=	0.0209 BMD
185 GNF	=	0.0215 BMD
190 GNF	=	0.0221 BMD
195 GNF	=	0.0226 BMD
200 GNF	=	0.0232 BMD
205 GNF	=	0.0238 BMD
210 GNF	=	0.0244 BMD
215 GNF	=	0.025 BMD
220 GNF	=	0.0255 BMD
225 GNF	=	0.0261 BMD
230 GNF	=	0.0267 BMD
235 GNF	=	0.0273 BMD
240 GNF	=	0.0279 BMD
245 GNF	=	0.0284 BMD
250 GNF	=	0.029 BMD
255 GNF	=	0.0296 BMD
260 GNF	=	0.0302 BMD
265 GNF	=	0.0308 BMD
270 GNF	=	0.0313 BMD
275 GNF	=	0.0319 BMD
280 GNF	=	0.0325 BMD
285 GNF	=	0.0331 BMD
290 GNF	=	0.0337 BMD
295 GNF	=	0.0342 BMD
300 GNF	=	0.0348 BMD
305 GNF	=	0.0354 BMD
310 GNF	=	0.036 BMD
315 GNF	=	0.0366 BMD
320 GNF	=	0.0371 BMD
325 GNF	=	0.0377 BMD
330 GNF	=	0.0383 BMD
335 GNF	=	0.0389 BMD
340 GNF	=	0.0395 BMD
345 GNF	=	0.0401 BMD
350 GNF	=	0.0406 BMD
355 GNF	=	0.0412 BMD
360 GNF	=	0.0418 BMD
365 GNF	=	0.0424 BMD
370 GNF	=	0.043 BMD
375 GNF	=	0.0435 BMD
380 GNF	=	0.0441 BMD
385 GNF	=	0.0447 BMD
390 GNF	=	0.0453 BMD
395 GNF	=	0.0459 BMD
400 GNF	=	0.0464 BMD
405 GNF	=	0.047 BMD
410 GNF	=	0.0476 BMD
415 GNF	=	0.0482 BMD
420 GNF	=	0.0488 BMD
425 GNF	=	0.0493 BMD
430 GNF	=	0.0499 BMD
435 GNF	=	0.0505 BMD
440 GNF	=	0.0511 BMD
445 GNF	=	0.0517 BMD
450 GNF	=	0.0522 BMD
455 GNF	=	0.0528 BMD
460 GNF	=	0.0534 BMD
465 GNF	=	0.054 BMD
470 GNF	=	0.0546 BMD
475 GNF	=	0.0551 BMD
480 GNF	=	0.0557 BMD
485 GNF	=	0.0563 BMD
490 GNF	=	0.0569 BMD
495 GNF	=	0.0575 BMD
500 GNF	=	0.058 BMD

Convertion Chart BMD to GNF
Bermudian Dollar		GNF


5 BMD	=	43069.9784 GNF
10 BMD	=	86139.9567 GNF
15 BMD	=	129209.9351 GNF
20 BMD	=	172279.9134 GNF
25 BMD	=	215349.8918 GNF
30 BMD	=	258419.8701 GNF
35 BMD	=	301489.8485 GNF
40 BMD	=	344559.8268 GNF
45 BMD	=	387629.8052 GNF
50 BMD	=	430699.7835 GNF
55 BMD	=	473769.7619 GNF
60 BMD	=	516839.7402 GNF
65 BMD	=	559909.7186 GNF
70 BMD	=	602979.6969 GNF
75 BMD	=	646049.6753 GNF
80 BMD	=	689119.6536 GNF
85 BMD	=	732189.632 GNF
90 BMD	=	775259.6103 GNF
95 BMD	=	818329.5887 GNF
100 BMD	=	861399.567 GNF
105 BMD	=	904469.5454 GNF
110 BMD	=	947539.5237 GNF
115 BMD	=	990609.5021 GNF
120 BMD	=	1033679.4804 GNF
125 BMD	=	1076749.4588 GNF
130 BMD	=	1119819.4371 GNF
135 BMD	=	1162889.4155 GNF
140 BMD	=	1205959.3938 GNF
145 BMD	=	1249029.3722 GNF
150 BMD	=	1292099.3505 GNF
155 BMD	=	1335169.3289 GNF
160 BMD	=	1378239.3072 GNF
165 BMD	=	1421309.2856 GNF
170 BMD	=	1464379.2639 GNF
175 BMD	=	1507449.2423 GNF
180 BMD	=	1550519.2206 GNF
185 BMD	=	1593589.199 GNF
190 BMD	=	1636659.1773 GNF
195 BMD	=	1679729.1557 GNF
200 BMD	=	1722799.1341 GNF
205 BMD	=	1765869.1124 GNF
210 BMD	=	1808939.0908 GNF
215 BMD	=	1852009.0691 GNF
220 BMD	=	1895079.0475 GNF
225 BMD	=	1938149.0258 GNF
230 BMD	=	1981219.0042 GNF
235 BMD	=	2024288.9825 GNF
240 BMD	=	2067358.9609 GNF
245 BMD	=	2110428.9392 GNF
250 BMD	=	2153498.9176 GNF
255 BMD	=	2196568.8959 GNF
260 BMD	=	2239638.8743 GNF
265 BMD	=	2282708.8526 GNF
270 BMD	=	2325778.831 GNF
275 BMD	=	2368848.8093 GNF
280 BMD	=	2411918.7877 GNF
285 BMD	=	2454988.766 GNF
290 BMD	=	2498058.7444 GNF
295 BMD	=	2541128.7227 GNF
300 BMD	=	2584198.7011 GNF
305 BMD	=	2627268.6794 GNF
310 BMD	=	2670338.6578 GNF
315 BMD	=	2713408.6361 GNF
320 BMD	=	2756478.6145 GNF
325 BMD	=	2799548.5928 GNF
330 BMD	=	2842618.5712 GNF
335 BMD	=	2885688.5495 GNF
340 BMD	=	2928758.5279 GNF
345 BMD	=	2971828.5062 GNF
350 BMD	=	3014898.4846 GNF
355 BMD	=	3057968.4629 GNF
360 BMD	=	3101038.4413 GNF
365 BMD	=	3144108.4196 GNF
370 BMD	=	3187178.398 GNF
375 BMD	=	3230248.3763 GNF
380 BMD	=	3273318.3547 GNF
385 BMD	=	3316388.333 GNF
390 BMD	=	3359458.3114 GNF
395 BMD	=	3402528.2898 GNF
400 BMD	=	3445598.2681 GNF
405 BMD	=	3488668.2465 GNF
410 BMD	=	3531738.2248 GNF
415 BMD	=	3574808.2032 GNF
420 BMD	=	3617878.1815 GNF
425 BMD	=	3660948.1599 GNF
430 BMD	=	3704018.1382 GNF
435 BMD	=	3747088.1166 GNF
440 BMD	=	3790158.0949 GNF
445 BMD	=	3833228.0733 GNF
450 BMD	=	3876298.0516 GNF
455 BMD	=	3919368.03 GNF
460 BMD	=	3962438.0083 GNF
465 BMD	=	4005507.9867 GNF
470 BMD	=	4048577.965 GNF
475 BMD	=	4091647.9434 GNF
480 BMD	=	4134717.9217 GNF
485 BMD	=	4177787.9001 GNF
490 BMD	=	4220857.8784 GNF
495 BMD	=	4263927.8568 GNF
500 BMD	=	4306997.8351 GNF