Thursday, March 30, 2006

One heck of a devaluation

How much has the Guinean franc depreciated since the arrival of Lansana Conté as Guinea's leader? The US dollar bought approximately this number of Guinean francs (FG)

Early 1986: 25 FG
After 1986 devaluation: 300 FG
1996: 1,000 FG
March 2006: 4,500 FG

(Sources: Jeune Afrique and my personal journal)


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