As you may have heard or read many times that Guinea-Bissau is a politically unstable country in which the people living hardly survive because of the poor economic growth of the country. Same is the case with Guinea-Bissau currency, the little to no economic growth of Guinea-Bissau has caused its currency’s value to fall drastically. 

National Currency of Guinea-Bissau

What is the currency of Guinea-Bissau? The official currency of Guinea-Bissau is the West African CFA franc. In the earlier times, the official currency of Guinea-Bissau was peso which was further divided into 100 centavos. Peso remained as the currency of Guinea-Bissau from 1975 to 1997 replacing the escudo. But the unstable political state of the country and the civil wars going in the country reshaped the structure of the country which was being followed hence changing the official Guinea-Bissau currency from peso to West African CFA franc. 

Details About Guinea-Bissau Currency

In 2003, the first banknotes of franc were introduced in 500 franc banknotes, and after some time, the banknotes for 1000, 2000, 5000 and 10,000 franc were also introduced due to the devaluation of the currency. Since then the Guinea-Bissau currency has been the West African CFA franc, and apparently, it seems to be the permanent solution according to the country’s economic growth. 

Guinea-Bissau Currency to PKR & USD

The Guinea-Bissau currency’s value keeps fluctuating, and it is because of these fluctuations that we try to keep up with the recent rates. As of now, 1 West African CFA franc is equivalent to 0.23 Pakistani Rupees whereas 1 West African CFA Franc is equivalent to 0.0017 USD.

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