Historic Guinean franc Icelandic Krona

Guinean franc icelandic krona history for September 2023. The highest quote for this month is 0.016158 (29/09/2023) and the lowest 0.016083 (27/09/2023). The difference between high and low is 0.46.

GNF ISK average rate for September 2023 is 0.01581, the change between 01/09/2023 and 30/09/2023 is -4.09 %.

01 September 20231 GNF = 0.0154 ISK
04 September 20231 GNF = 0.0155 ISK
05 September 20231 GNF = 0.0156 ISK
06 September 20231 GNF = 0.0157 ISK
07 September 20231 GNF = 0.0158 ISK
08 September 20231 GNF = 0.0158 ISK
11 September 20231 GNF = 0.0158 ISK
12 September 20231 GNF = 0.0157 ISK
13 September 20231 GNF = 0.0156 ISK
14 September 20231 GNF = 0.0157 ISK
15 September 20231 GNF = 0.0159 ISK
18 September 20231 GNF = 0.0160 ISK
19 September 20231 GNF = 0.0158 ISK
20 September 20231 GNF = 0.0158 ISK
21 September 20231 GNF = 0.0158 ISK
22 September 20231 GNF = 0.0159 ISK
25 September 20231 GNF = 0.0161 ISK
26 September 20231 GNF = 0.0160 ISK
27 September 20231 GNF = 0.0160 ISK
28 September 20231 GNF = 0.0161 ISK
29 September 20231 GNF = 0.0160 ISK

15/11/2018: New Currency Notes Introduced

Iceland released updated banknotes and coins featuring improved security measures and new designs, modernizing the Krona's physical appearance.

30/06/2015: Demonetization of old Guinean franc banknotes

The old series of Guinean franc banknotes, denominated in 'Syli,' ceased to be legal tender, and only the new franc banknotes remained in circulation.

15/03/2015: Capital Controls Lifted

Iceland lifted its capital controls, implemented after the financial crisis, allowing for more flexible foreign exchange transactions.

26/09/2012: Introduction of new Guinean franc coins

New coins denominated in the Guinean franc were introduced, replacing the previously used Guinean syli coins.

14/11/2010: IMF Loan Approved

Iceland secured a $2.1 billion loan from the International Monetary Fund, stabilizing the Krona and aiding economic recovery.

30/06/2010: Revaluation of the Guinean franc

The Guinean franc underwent a revaluation, with 1 new franc being equivalent to 10,000 old francs.

06/10/2008: Financial Crisis Begins

The collapse of Icelandic banks and subsequent financial crisis severely devalued the Krona, leading to economic turmoil.

30/06/1997: Introduction of new Guinean franc

A new series of Guinean franc banknotes, denominated in 'Syli,' was introduced as a replacement for the previous currency.

30/11/1985: Devaluation of the Guinean franc

The Guinean franc was devalued by 50%, leading to an economic crisis and high inflation.

05/03/1981: Stock Exchange Established

The Icelandic Stock Exchange was founded, promoting economic growth and affecting the Krona's value.

31/05/1971: Redenomination of the Guinean franc

The Guinean franc underwent a redenomination, with 1 new franc being equivalent to 10 old francs.

01/10/1959: Introduction of Guinean franc

The Guinean franc was introduced as the official currency of Guinea following its independence from France.

10/05/1940: Occupation of Iceland

Following the German occupation of Denmark, Iceland became occupied by British forces, impacting the currency's stability.

01/01/1922: Currency Board Established

The Icelandic Krona was introduced under the Danish Krone pegged to 1 Krone = 100 aurar.